While Congress failed to extend the federal EV tax credit in December, there is one piece of good news out of Washington, D.C.
A federal tax credit of 30% of the cost of installing EV charging equipment, which had expired December 31, 2016, has been retroactively extended through December 31, 2020. If you installed charging equipment after January 1, 2017 or if you install equipment before the end of this year, you are eligible to claim this credit, up to $1,000.
To claim this credit, see IRS Form 8911. (Please note that, as of this posting, the IRS is still finalizing this form.) Please contact your tax adviser with any questions.
To find charging equipment for your home, visit PlugStar.com/chargers.