Great news for those of you that are installing a home charger. All taxpayers are eligible for a credit of 30% of the hardware and installation costs for EV chargers installed in their homes after December 31, 2021.  This is a one-time, nonrefundable tax credit up to a maximum of $1,000.

The section 30C tax credit–officially referred to as the Alternative Fuel Vehicle Refueling Property Credit, has been extended for ten years, and will expire on December 31, 2032.

The revived federal EV charging tax credit is almost the same as the previous version which allows taxpayers to claim up to $1,000 for EV charger hardware and installation, with a few important changes.

Check with your tax professional about the credit.  If you don’t have an accountant check out ours! The Tax Res Group can explain how your credit works which in turn will help offset the costs of Shock Electric installing your at home EV Charger.