Tax Credit

Unleash Tax Benefits for Your EV Charging Installations

Supercharge your tax savings with Energy5 electric vehicle (EV) charging stations! If you're considering installing these cutting-edge solutions at your home or business, you'll be delighted to know that you could qualify for significant federal tax credits. The Energy5 team has compiled an informative guide to help you navigate these lucrative tax benefits.

Prior to December 31, 2022, Installations

Calling all businesses!

Congratulations if you've completed your EV charging infrastructure installation by the end of 2022! You could be eligible for a federal tax credit equal to a whopping 30% of your total project fees, with a maximum credit of up to $30,000 per site.

To seize this opportunity on your 2022 tax return, simply complete Form 8911. While we're here to assist, it's always wise to seek personalized advice from a tax professional.

Attention, individuals!

If you've installed a charger at your home before December 31, 2022, get ready for potential tax savings. You may qualify for a generous tax credit of 30% of your hardware and installation costs, up to a maximum of $1,000. Just like businesses, homeowners should utilize IRS Form 8911 to apply for this incredible credit.

Starting January 1, 2023, Installations

Exciting news for businesses!

Hold onto your charging cables because Energy5 has even more in store for you. With the recent enactment of the Inflation Reduction Act, qualifying businesses located in designated census tracts and adhering to prevailing wage standards can now claim a remarkable tax credit of up to $100,000 per unit. It's an electrifying opportunity not to be missed!

Calling all businesses!

At Energy5, we're on a mission to make EV charging accessible to everyone. Our revolutionary charging solutions are designed to bring the future of transportation to your doorstep. We're committed to helping you navigate the process of unlocking tax credits and bringing EV charging to your property.

*** Disclaimer: The information provided is for illustrative purposes only and may not reflect the current tax regulations or eligibility criteria.

Ready to rev up your tax savings while driving towards a greener future?

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Energy5 EV Charging solutions comprise a full range of end-to-end turnkey services for businesses. From permitting to incentive acquisition to installation, management software, and down-the-road maintenance, Energy5 streamlines the whole process every step of the way.