wmcbrine
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Re: 2015 Tax Credit for EVSE?

Sat Apr 02, 2016 7:09 pm

I had tentatively decided not to seek this credit, because I bought an OpenEVSE -- not UL-certified -- and plugged it into an outlet that I installed myself (connected to an existing line). So, I don't think I have the kind of documentation that the government would want. Does anyone disagree?

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lpickup
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Re: 2015 Tax Credit for EVSE?

Sun Apr 03, 2016 5:00 am

jjeff wrote:So it looks like if one spent money on a EVSE and or installation costs to hook up the EVSE, you can deduct 30% of the costs. I'm assuming the 30% is deducted from your gross income so it's really 30%(or whatever tax bracket your in) of the 30% of your EVSE and install. For example if your EVSE and installation came to $1000 you'd be able to deduct $300 off your gross income which in my example would save you $90......a far cry from your $1000 install cost but still better than nothing.


No, it's truly a credit. You'd subtract the full $300 off the amount you owe (or add $300 to your refund). It's NOT a deduction. (standard caveat that you would need at least $300 of tax liability to be eligible).

Now, I recall 5 years ago when I took the the EV credit that there was some issue with not being able to take both that credit (the $7500 one) and the EVSE credit at the same time, except under certain very rare circumstances. I suspect one way or another that limitation still exists. 5 years ago I received a free EVSE, so there was no credit to take, and THIS time we got a second EV (but this time it was leased, so I didn't take the credit myself) that required another EVSE, so taking the EVSE credit was no problem for me.
...Lance

Coulis Red 2016 SV (312310)
Delivered: 12/23/16
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jjeff
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Re: 2015 Tax Credit for EVSE?

Sun Apr 03, 2016 6:19 am

lpickup wrote:
jjeff wrote:So it looks like if one spent money on a EVSE and or installation costs to hook up the EVSE, you can deduct 30% of the costs. I'm assuming the 30% is deducted from your gross income so it's really 30%(or whatever tax bracket your in) of the 30% of your EVSE and install. For example if your EVSE and installation came to $1000 you'd be able to deduct $300 off your gross income which in my example would save you $90......a far cry from your $1000 install cost but still better than nothing.


No, it's truly a credit. You'd subtract the full $300 off the amount you owe (or add $300 to your refund). It's NOT a deduction. (standard caveat that you would need at least $300 of tax liability to be eligible).

Thanks for the clarification, thats much better then. And actually thinking about my example I think it would even be worse as the 30% I was quoting was average of what I generally pay for both Federal and state, of which state wouldn't count. Glad it's a true credit like the $7500 EV tax credit, which because of my tax situation the year I got the Leaf I was only able to claim $6k as that was my liability that year. Kind of stung not being able to claim the full $7500 but it is what it is.
2012 SL purchased used 2/'16
2013 S w/QC purchased new
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'12 EVSEupgrade'd 20a L1/L2 EVSE, '13 EVSEupgrade'd adjustable 6-20a L2, 6-13a L1 EVSE
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jjeff
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Re: 2015 Tax Credit for EVSE?

Sun Apr 03, 2016 6:21 am

wmcbrine wrote:I had tentatively decided not to seek this credit, because I bought an OpenEVSE -- not UL-certified -- and plugged it into an outlet that I installed myself (connected to an existing line). So, I don't think I have the kind of documentation that the government would want. Does anyone disagree?

Yes I didn't claim my JuiceBox for the same reason, also I had already maxed out my tax liability that year with the $7500 EV credit so it wouldn't have mattered anyway.
2012 SL purchased used 2/'16
2013 S w/QC purchased new
Juicebox Premium 60a L1/L2 EVSE, Ebusbar 16a L1/L2 EVSE
'12 EVSEupgrade'd 20a L1/L2 EVSE, '13 EVSEupgrade'd adjustable 6-20a L2, 6-13a L1 EVSE
Zencar 13, 20, 30a L1/L2 portable EVSE
GE Durastation 30a

DoobeeDude
Posts: 38
Joined: Sat Aug 08, 2015 3:10 pm
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Re: 2015 Tax Credit for EVSE?

Tue Apr 05, 2016 8:01 am

wmcbrine wrote:I had tentatively decided not to seek this credit, because I bought an OpenEVSE -- not UL-certified -- and plugged it into an outlet that I installed myself (connected to an existing line). So, I don't think I have the kind of documentation that the government would want. Does anyone disagree?


Yes. I disagree. I doubt the tax rule requires the equipment to be UL - certified. The only documentation you would need is a simple receipt from OpenEVSE. And that's only if you get audited (<0.1% chance.... maybe).

You can't deduct for your own time / labor on the install, but I think you are on very safe ground with respect the hardware cost. You spent the money, so claim the credit.
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delivered Aug 2015

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lpickup
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Re: 2015 Tax Credit for EVSE?

Tue Apr 05, 2016 8:57 am

DoobeeDude wrote:
wmcbrine wrote:I had tentatively decided not to seek this credit, because I bought an OpenEVSE -- not UL-certified -- and plugged it into an outlet that I installed myself (connected to an existing line). So, I don't think I have the kind of documentation that the government would want. Does anyone disagree?


Yes. I disagree. I doubt the tax rule requires the equipment to be UL - certified. The only documentation you would need is a simple receipt from OpenEVSE. And that's only if you get audited (<0.1% chance.... maybe).


I disagree as well. I built my own unit, and I just saved copies of my invoices on the components I ordered for the unit. I suppose you never know for sure what constitutes acceptable documentation until you are audited, but I have receipts for all the parts that went into my home built unit. And my reading of the form instructions is that you could even claim installation costs, so I'm not even sure that deducting your own time for installing would be ruled out (as long as it was a competitive amount), although I wasn't willing to push the envelope that far myself.
...Lance

Coulis Red 2016 SV (312310)
Delivered: 12/23/16
Glacier Pearl 2012 SL (016138)
Delivered: 12/9/11; traded in 12/23/16
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Garba
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Re: 2015 Tax Credit for EVSE?

Tue Apr 05, 2016 9:07 am

Has this tax credit been extended for 2016 as well?
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lpickup
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Re: 2015 Tax Credit for EVSE?

Tue Apr 05, 2016 9:17 am

Garba wrote:Has this tax credit been extended for 2016 as well?


According to the link I posted earlier, yes, through Dec 2016.
...Lance

Coulis Red 2016 SV (312310)
Delivered: 12/23/16
Glacier Pearl 2012 SL (016138)
Delivered: 12/9/11; traded in 12/23/16
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QueenBee
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Re: 2015 Tax Credit for EVSE?

Tue Apr 05, 2016 5:09 pm

lpickup wrote:
DoobeeDude wrote:
wmcbrine wrote:I had tentatively decided not to seek this credit, because I bought an OpenEVSE -- not UL-certified -- and plugged it into an outlet that I installed myself (connected to an existing line). So, I don't think I have the kind of documentation that the government would want. Does anyone disagree?


Yes. I disagree. I doubt the tax rule requires the equipment to be UL - certified. The only documentation you would need is a simple receipt from OpenEVSE. And that's only if you get audited (<0.1% chance.... maybe).


I disagree as well. I built my own unit, and I just saved copies of my invoices on the components I ordered for the unit. I suppose you never know for sure what constitutes acceptable documentation until you are audited, but I have receipts for all the parts that went into my home built unit. And my reading of the form instructions is that you could even claim installation costs, so I'm not even sure that deducting your own time for installing would be ruled out (as long as it was a competitive amount), although I wasn't willing to push the envelope that far myself.


And I agree with the disagreements. I've not seen any NRTL/UL requirements for the federal tax credit but I would expect there to be requirements like that for local utility rebates like Puget Sound Energy offers.

Your documentation would be simply the OpenEVSE/Juicebox receipt + any hardware you had to buy to install it. Note that there is some notion that it must be installed so you may not want to deduct the EVSE that you keep in the trunk of your car.

JeffnReno
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Re: 2015 Tax Credit for EVSE?

Wed Apr 06, 2016 11:01 pm

lpickup wrote:Just to post some up to date information, the federal tax credit was renewed and is retroactive to 2015.

See: http://www.afdc.energy.gov/laws/10513

When you file your taxes, fill out Form 8911.

...Lance

Thanks for the link. I'll be using this next tax season since just installed a JuiceBox 40. :)
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