When IL had a 50% EVSE rebate, I made the mistake of trying to maximize that rebate by spending more on the EVSE than I needed to. I would have normally run the wiring myself, but the state program required a licensed electrician. So instead of spending about $400 on an EVEE and maybe $50 in parts and my sweat equity, the Bosch representative sent a master electrician (which turned out meant he was really old, not necessarily that he was talented) and when he turn on the breaker a giant spark came flying out of the outlet scarring the wall with a burn mark. When all was said and done, I had a burn mark, a very sloppy cut that I had to sparkle, and a wall that I now have to paint (sit was just drywall in the garage) to cover up his mess. The $1650 that they charged me means about $825 out of pocket when I didn't qualify for the fed 30% I guess I have some futureproofing, but it looks like the electrician was stupid, put in wiring in the walls for 30A which I later found out in this forum is really only good for 24 amp. He should have advised me to put in 40A or greater wiriing. So I also (for safety sakes) had to twiddle some dip switches to cause the EVSE to not exceed 24A, otherwise I'd cause a problem if we ever plugged in anything that required more current than a bolt. The reason we went with this guy was because of the state program rules, and all in all I would have been better off doing it myself, taken extra time to figure everything out and do it right.
I bumped into the AMT thing when I bought my 2013, claimed the federal tax credit but the EVSE I bought was denied due the AMT.
AMT? I'm not sure what that is?
Alternative Minimum Tax. I think where some have been caught is the $7500 tax credit for the car wipes out their entire tax liability for the year and then there is nothing left to apply the EVSE credit to or they fall into some kind of minimum tax law that denies the EVSE credit.
It will take an act of congress to change the law. Each auto manufacturer's vehicles get the full tax credit until they have their 200,000th qualifying vehicle, then there are 2 quarters at 50% the. 2 quarters at 25% then they are done. Elon has said he would consider holding off selling the 200,000th vehicle within the rules to maximize the number of people who could get the full tax credit so fort, Mazda, Mitsubishi, Toyota, Honda and many others have a long way to go to reach 200k vehicles.
NY state does have a tax credit. Please read NY tax form IT 637. To edify further, the original credit was set to expire in 2013 it was extended to 2017. The credit is toward alternative fueling infrastructure including but not exclusive to Electric and Hydrogen, with a credit up to but not exceeding $5,000. This credit is for individuals as well as companies and s corps.
