federal tax credit extension ev charging stations

What You Need to Know About the EV Charging Tax Credit

Are you planning to purchase an electric vehicle charging station in 2021? If so, we’ve got some exciting news for you! A retroactive federal tax credit for those who purchased environmentally friendly transportation, including expenses for EV charging infrastructure, was recently approved by Congress. These tax credits, along with other financial incentives, will help make it much easier and cost-effective for you to invest in EV charging stations for your business.

What Does This Mean For You?

Purchase and install your ChargePoint EV Charging station by December 31, 2021, and your business may be able to receive a 30% federal tax credit (up to $1,000 for residential installations and up to $30,000 for commercial installations) on the cost of buying and installing an electric vehicle charging station. However, to be eligible, you must purchase and install the electric vehicle charging station by the date listed above.

How Integrated Building Systems Can Help

Let Integrated Building Systems be your guide to taking full advantage of the EV charging infrastructure tax credit. All of our charging stations qualify for the federal tax credit. Even if you no longer have your receipt, we can help. If you purchased your charging station from Integrated Building Systems, send us an email or give us a call at (877) 694-4194 so that our team can provide you with a copy of your invoice.

Additional details can be viewed on the U.S. Department of Energy website. And if you need more information about claiming the credit, see IRS Form 8911, which is available on the IRS Forms and Publications website. (Reference Public Law 116-94, Public Law 115-123, Public Law 114-113, 26 U.S. Code 30C and 38, and IRS Notice 2007-43(PDF))

Form 8911 – Alternative Fuel Vehicle Refueling Property Credit