leafygreen wrote:Regarding the tax credit for EVSE, I'm a little confused about what is covered.
In another thread I saw people discussing upgrading their service panel to handle the extra circuit to the garage, which could cost a thousand or more. Would this be considered part of the "cost of installing alternative fueling equipment" referred to in the tax credit description?
Well, I tried to dig through the US Codes on this. 26USC30C says the cost includes the same things (with one exception) as are included in Sec. 179A, and that says under (e)(3):
The cost of any qualified clean-fuel vehicle property referred to in subsection (c)(1)(A) shall include the cost of the original installation of such property.
So I think you should be able to convince the IRS that if the service panel had to be upgraded, then the cost of that would be included.
leafygreen wrote:By the way, it also says: "The credit expires December 31, 2010". Maybe it will be extended?
Have you noticed that Nissan is pushing everyone to get the EVSE installed this year, regardless of when they get the car? That might suggest they are dubious as to an extension.