Electric Vehicle Charging Station Tax Credits Available!
What Qualifies for the Credit? Your electric vehicle charging station qualifies as alternative fuel vehicle refueling property (not including a building and its structural components) if: It is used to recharge an electric vehicle, but only if the charging station is located at the point where the vehicle is recharged!
- You placed the charging station in service during the tax year for which you’re claiming the credit.
- The original use of the charging station began with you.
- If the station is not a business/investment use property, the station must be installed on property used as your primary home.
Exemptions: If you are a seller of new vehicle charging stations to a tax-exempt organization, governmental unit, or a foreign person or entity, and the use of that station is described in section 50(b) (3) or (4) of the Internal Revenue Code, you can claim the credit, but only if you clearly disclose in writing to the purchaser the amount of the tentative credit allowable for the charging station. All charging stations eligible for this exception should be treated as business/investment use property.