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pderas
Returning Member

We contracted to have a new electrical panel installed along with an electric vehicle charging station in our garage for our EV. Are either, or both, tax deductible?

Our home is a single family residence and the (Ford) fast charging station required more electrical capacity than our old electrical panel could produce.

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Leonard
Intuit Alumni

We contracted to have a new electrical panel installed along with an electric vehicle charging station in our garage for our EV. Are either, or both, tax deductible?

No those upgrades are not deductible on your taxes.

However, you can add the cost as a capital improvement to the cost basis of your home

Some states do allow a credit on electric chargers.

Please see Electric car tax credits & incentives for 2019 to see if such a credit is available in your state. 

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1 Reply
Leonard
Intuit Alumni

We contracted to have a new electrical panel installed along with an electric vehicle charging station in our garage for our EV. Are either, or both, tax deductible?

No those upgrades are not deductible on your taxes.

However, you can add the cost as a capital improvement to the cost basis of your home

Some states do allow a credit on electric chargers.

Please see Electric car tax credits & incentives for 2019 to see if such a credit is available in your state. 

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