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April 13, 2025
Question

Trying to figure out whether I qualify for Tesla wall charger installation tax credit or not, which was for a personal car for in home installation.

  • April 13, 2025
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    April 13, 2025

    The Clean Vehicle Credit comes with income limitations for who can claim it. Eligibility is based on the lesser of your modified adjusted gross income (MAGI) for the year that the new clean vehicle was placed in service or for the preceding year. The limits are:

    • if your filing status is Married Filing Jointly: Your MAGI can’t exceed $300,000
    • if your filing status is Head of Household: Your MAGI can’t exceed $225,000
    • if your filing status is Single or Married Filing Separately: Your MAGI can’t exceed $150,000

    The qualified energy-saving equipment covered by the Residential Clean Energy Credit includes:

    • solar-powered equipment that generates electricity or heats water
    • solar power storage equipment with a capacity of at least 3 kilowatt hours (kWh) is required.
    • qualifying installation and labor costs

    The tax credit doesn't apply for systems that you lease or for systems that you use to heat a swimming pool or hot tub.

     

    This tax credit is non-refundable.  It can offset your income tax liability dollar-for-dollar, but any excess credit won’t be refunded. 

     

    However, if the credit exceeds your tax liability for the year, you can deduct the unused portion in future years so long as the credit remains in effect

     

    For more information, please read this TurboTax article: Federal Tax Credit for Residential Solar Energy

     

    "If you purchase EV charging equipment for your principal residence, you may be eligible for a tax credit for the charging station

     

    This credit is 30% of the cost of 1) the EV charging port, 2) components and parts that are essential to the operation of the charging port, and 3) labor for constructing and installing the charger, up to $1,000. 

     

    A credit in the same amount is also available for energy storage associated with the home charger."

     

    U.S. Department of Energy - Alternative Fuels Data Center

     

    Entering Energy Home Improvements:

    1. Open your return (if not already open).
    2. Enter "energy improvements" in the Search box.
    3. Click on "Jump to energy improvements" link.
    4. Enter "Yes" to the question, "Did you make any energy efficient improvements in 2024 or have a carryforward from 2023?". Click on Continue.
    5. Enter energy improvements information, and Continue.

     

    TurboTax FAQ: Where do I enter qualified energy-saving improvements?

     

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