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Discussion Starter #1
I usually always get money back, both state and federal and want to buy a EVSE. I'm in NY, can I get any benefits tax wise for purchasing a OEM 2016/17 EVSE? I don't have a tax guy. I always use turbotax so I don't have anyone to really ask.
 

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Whether you get a tax refund or not doesn't affect whether you are elegible for state and federal rebates of credits. But I found out the hard way that although I got the full state rebate and the full tax credit from the car, and I got a state rebate for the EVSE, i did not qualify for the federal 30% tax credit because of a complex convolution of too high of an income, already doing getting the $7500 fed tax credit during the same year, and something in AMT. I'm not sure if I waited a few months to buy the EVSE whether I would have gotten that 30% fed credit, but it was only a few hundred dollars difference to me.
 

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NY has tax credit for EVSE which goes through 2017, not sure if it has been extended past 2017. I believe the credit is up to 50% up to $5,000. No restrictions because of income. This is in addition to federal tax.

below is a url for the form

https://www.tax.ny.gov/pdf/current_forms/it/it637_fill_in.pdf
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.
 

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Discussion Starter #5
I have level two charging where I am, but I'll be moving and I am stuck with level one accessibility in the garage. That's why I am thinking of purchasing a brand-new EVSE from GM for $266.

I apologize, I should have stated that in my first post, the electric is a pre-existing in no way for level two to be installed as it's a rental property and no more breaker room in the current box.
 

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Whether you get a tax refund or not doesn't affect whether you are elegible for state and federal rebates of credits. But I found out the hard way that although I got the full state rebate and the full tax credit from the car, and I got a state rebate for the EVSE, i did not qualify for the federal 30% tax credit because of a complex convolution of too high of an income, already doing getting the $7500 fed tax credit during the same year, and something in AMT. I'm not sure if I waited a few months to buy the EVSE whether I would have gotten that 30% fed credit, but it was only a few hundred dollars difference to me.
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.
 

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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.
 

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NYS has NO tax credit. However if you can hold off NYSERDA may start offering up to I think 2k towards one...they are the ones that cover the solar grants too BESIDES the NYS 25% tax credit up to 5k for solar. Maybe that is what the person from NJ above was confusing. We only qualify for the federal 7500 federak crediit as one note based on what you OWE the feds not what refund you get! And NYS offers today a green sticker only for single person use of the quick lanes if you have one in your like LI, which I don't in the hudson valley.
 

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I know states are a bit different, but isn't the federal tax credit getting ready to expire? I would imagine with the incoming administration, there probably won't be any real interest in extending the program, but I haven't kept up with it too much. If I'm not mistaken, here in Texas the state has not extended its own tax credit (could be wrong though).
 

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I know states are a bit different, but isn't the federal tax credit getting ready to expire? I would imagine with the incoming administration, there probably won't be any real interest in extending the program, but I haven't kept up with it too much. If I'm not mistaken, here in Texas the state has not extended its own tax credit (could be wrong though).
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.

So then the only unknown is what congress will do. Technically the president can't do anything except ask congress to do something.
 

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NYS has NO tax credit. However if you can hold off NYSERDA may start offering up to I think 2k towards one...they are the ones that cover the solar grants too BESIDES the NYS 25% tax credit up to 5k for solar. Maybe that is what the person from NJ above was confusing. We only qualify for the federal 7500 federak crediit as one note based on what you OWE the feds not what refund you get! And NYS offers today a green sticker only for single person use of the quick lanes if you have one in your like LI, which I don't in the hudson valley.
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.

NYSERDA is entity of the state of ny and will give grants up to but not in excess of $2,000 for the equipment and installation. Most grants for the homeowner will be considerably less than $2,000.00 and I believe is based on proportion cost base of installation. In other words the grant will not be 100% of the cost of the unit. As an example, should it cost say $500 toward an EVSE unit including installation, the grant may pay $200.00. It is also based on money at hand and can run out at anytime. In short first come, first served.
 
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