There is both a personal credit and a business credit available on Form 8911. If you buy a battery-powered car and install new EVCSE at your main home to recharge its batteries, you may be able to trim your tax bill through the Alternative Fuel Vehicle Refueling Property Credit.
The maximum credit is $1,000 or 30 percent of the installation cost, whichever is lower. Should you move to a new home during the year and install recharging equipment at the new residence, you can claim 30 percent of the cost of both installations up to a maximum of $2,000. The credit is non-refundable, meaning that if your tax liability is already reduced to 0, you won't see any credit. You can look at Form 8911 to see if this occurred. Line 14 shows your tax liability and then Line 16 show your tax liability after other credits. If this line is 0, no credit will calculate.
Dispensing business incentive
To get the personal deduction, search for 8911 and use the Jump to 8911 link. You will land on the Your Home section of Deductions and Credits. Click Start next to Home Energy Credits. @jwevans1
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