garygid
Well-known member
Almost any "real" use would likely get into the 2nd VERY EXPENSIVE level.
garygid said:Almost any "real" use would likely get into the 2nd VERY EXPENSIVE level.
Boomer23 said:I hope this is on topic. I didn't want to start a new thread, but wanted to remind everyone about the AMT limitation. I realize that there has been some discussion of this along with discussion of the $7500 vehicle credit, which is handled differently.
It appears to me that the Federal 50% EVSE tax credit is eliminated completely if you owe even $1 of Alternative Minimum Tax.
From my amateur reading of IRS form 8911 on Nissan's site: http://www.nissanusa.com/ev/media/pdf/incentives/nissan-leaf-incentive-56.pdf line 22 reads that if you subtract the Tentative Minimum Tax from the Regular Tax and the result is zero or less, "stop here, do not file this form" unless you are filing as a business.
To me, that means "sorry, you don't get ANY of this credit if your tentative minimum tax equals or exceeds your regular tax".
I paid about $1,000 of AMT in 2009 and I'll probably pay some in 2010, so I'm assuming that I'm s**t out of luck for this credit. That's important for me to know as I evaluate the AV quote for the EVSE install that I expect in a few days. I ran into a similar limitation for the 2007 tax year, when I installed solar PV and bought a Prius. I didn't pay AMT in that year, but my $2,000 federal solar PV credit eliminated my ability to take the $750 hybrid car credit because of the affect of subtracting the $2,000 credit and how that affected the tentative minimum tax calculation.
AMT often affects certain taxpayers in high tax states like California, where you are pushed into the AMT by deducting the high state income taxes. So yes, we in CA are in the early roll out markets, but there are drawbacks.
Azrich said:What is the "AMT category" or "AMT people"?
Thanks.
Rat said:My assessment guy said the distance from my box to the charger was the greatest one he had seen and my job was the hardest of the first 7 he's done. I got the impression that was going to make mine more expensive. I would like to see if the cost correlates to distance of the wiring/conduit run. At this point I'm rather hoping for a standard $2200 one-size-fits-all price.
garygid said:Yes, my friend's inspector mentioned that the 24 inch run was under the 30-foot max for a "standard" install.
Possibly, even if we were to add the breaker and the 2 feet of wiring, it would still be a "standard" install?
mwalsh said:How much is permitting? I haven't heard you guys mention that much. Don't forget to deduct that from your electrician's "salary".
garygid said:The one bid we have seen, listed just $50 for the permit fee.
In some cases, the filing is done on-line (enter address, ... done) and the "standard install" permit is just printed out, with no visit to "city hall" required.
Also, there is usually not a requirement for the electrician to be there for the "city" inspection.
In the case of my 7 kW PV install, only the city inspector and I were there.
garygid said:Makes one wonder who is getting the non-refundable $100.
Did the on-line credit-card billing go to Nissan, or AeroVironment?
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