Tax Credits for EV Charging at Home

Electric vehicles (EVs) are a great way to help fight climate change and reduce gas costs. Additionally, the U.S. federal government offers a tax credit for EV charging stations to help make switching to an electric vehicle more affordable.
Let’s go over a few things you should know about this EV incentive.
Tax Credit for EV Charger: What Is It?
The EV charger tax credit is a provision under the U.S. government’s Inflation Reduction Act. The federal government offers these incentives to help lower the cost of installing electric vehicle (EV) charging stations. Known as the 30C Tax Credit or EV Charging Tax Credit, this program provides up to $1,000 per charger for home installations. It covers 30% of the installation costs, including the charger, necessary parts, permits, hardware upgrades and the work of a licensed electrician.
Although this tax credit does not help pay for the electricity used to charge your EV, it … Read Full Post »