EV Charging Station Tax Credit Restored

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Dec 28, 2012

Did you purchase an Electric Vehicle charging station in 2012? The American Taxpayer Relief Act of 2012, recently passed by Congress, restores the 30% federal tax credit for electric vehicle charging station equipment and installation. Happily, the extension applies retroactively to cover all alternative fuel infrastructure put into service in 2012, including installation of fueling equipment for plug-in electric vehicles. The tax credit is subject to a $1,000 dollar cap on personal-use installations, and expires on December 31, 2013. Electric vehicle sales tripled in 2012 and are expected to continue this rapid pace in 2013. New models are being introduced. This tax credit provides 2012-2013 buyers significant tax savings. Happy New Year!

About The Author - Jeremy Smithson

Started Puget Sound Solar in 2001 with 30 years of construction contracting experience, and a desire to turn Seattle on to solar energy. Achieving NABCEP certification in 2004, Jeremy believes that our customers often follow a path similar to the one he took, starting out with solar daydreaming, then progressing to education on the subject, and eventually leading to action. In addition to leading the company he also does some teaching and speaking engagements about various aspects of solar energy, and experiments relentlessly with various solar, energy efficiency, and electric vehicle projects.

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