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EVBox Stations

With the Alternative Fuel Vehicle (AFV) Refueling Property Credit from the IRS, US businesses and residents are all eligible for 30% off their entire EV charging hardware purchase (up to $30,000). This federal tax credit also extends back to purchases made in 2018-19. Expires December 31, 2020.

 

Save 30% on
EVBox Stations

With the Alternative Fuel Vehicle (AFV) Refueling Property Credit from the IRS, US businesses and residents are all eligible for 30% off their entire EV charging hardware purchase (up to $30,000). This federal tax credit also extends back to purchases made in 2018-19. Expires December 31, 2020.

 

Understanding the AFV Property Credit

The IRS is currently offering a nationwide tax credit for the purchase of new EV charging stations. The credit can be applied to the purchase of any EV hardware that was installed in 2020. This includes residential or commercial AC charging stations, and even DC fast charging stations!

The tax credit covers a portion of the cost of hardware and installation (30%) but how much you can claim and what your maximum threshold is depend largely on where you're installing your new EV charging hardware. It can also be applied to previously purchased EVSE all the way back to 2018. If you haven't already taken advantage of this, act soon—the tax credit expires on December 31, 2020.

Here's are some examples of how the tax credit can be applied.

Step-by-Step Guide to Savings

  1. Request a quote
  2. After you request a quote, our team will reach out to inquire more about your situation and answer any questions you may have.

  3. Get your site surveyed
  4. A technician will conduct a site survey to assess power requirements, identify ideal locations for the chargers, and more.

  5. Connect with an installer
  6. We’ll refer an approved installation partner to you, so you can rest assured that you’ll be receiving qualified installation work from highly-trained professionals.

  7. File your federal tax credit
  8. Once the installation is complete, you or your tax analyst will file IRS form 8911 to claim your credit on your tax return.

FAQs

Yes! One major feature to note is that this tax credit is stackable with other EV rebates. So, if you have a state or utility program in your area offering funding for new EV charging projects, you can pair that with this tax credit to maximize your savings!

Yes. Every location in the United States is eligible, in one way or another, to collect from this tax credit. If you've installed or intend to install EV charging stations at your location before December 31, 2020, you can save up to 30% off your hardware and installation.

All locations are eligible for 30% off their hardware and installation costs, but the threshold differs depending on the site location.

According to the IRS—depreciable properties (businesses and investment properties) are eligible up to $30,000, while non-depreciable properties (private residences) are eligible for up to $1,000.

Since this tax credit is processed along with all your other yearly taxes, you will receive your credit along with your annual tax return. 

Yes. This federal tax credit initially expired on December 31, 2017, but has now been retroactively extended through December 31, 2020. Any stations installed in that time qualify for this federal tax credit. 

Ready to see how much you'll save?

This tax credit comes off the table on December 31, 2020, so if you're planning on getting EV charging stations, the time to act is now. Ready to get started?

Request a quote

All information sourced from the IRS website. To learn more, visit the AFV Tax Credit page here.