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There's Now A Tax Credit For Installing An EV Charger In Your Home - Here's What To Know
06 Feb 2024 | Abstracted from Market Watch
"The same law that created the tax credit structure for car purchases - 2022's Inflation Reduction Act - created a separate tax incentive to help drivers install an EV charger at home."The charger installation tax credit covers 30% of the cost of installing a charger up to a cap of $1,000...law instructed the IRS to make the credit available in low-income areas and outside cities...available to approximately two-thirds of Americans..."
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