Tax Credit For Installing Electric Vehicle Charging Station 2018

No there is no federal tax credit for installing an electric car charger at your home in 2018. 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. However some states still have a tax credit for installing electric vehicle charging stations at your home.

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Receive a federal tax credit of 30 of the cost of purchasing and installing an ev charging station up to 1 000 for residential installations and up to 30 000 for commercial installations with the retroactive credit.

Tax credit for installing electric vehicle charging station 2018.

The 30 federal tax credit for installing electric vehicle charging stations at your home or business expired at the end of 2017. 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. Previously this federal tax credit expired on december 31 2017 but is now retroactively extended through december 31 2020. The provision allows a portion of the cost of purchasing and installing a home electric car charging station to be taken as a credit on 2017 federal tax returns.

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