Tax Incentives, Rebates

:Nissan Leaf

Federal Income Tax Credit

Information, References

• :
• Base incentive amount: $2500.
• Plus: $417, plus “$417 for each kilowatt hour of capacity in excess of 5 kilowatt hours, … not to exceed $5000“: $5000.
  (The Nissan Leaf’s battery has a capacity of 24 kwH.)
• Total: $7500.
• “Energy Incentives for Individuals in the American Recovery and Reinvestment Act”, at irs.gov.
• “Internal Revenue Bulletin: 2009-48, New Qualified Plug-in Electric Drive Motor Vehicle Credit, at irs.gov.
• Qualified Plug-In Electric Drive Motor Vehicle Tax Credit, at the U.S. Department of Energy‘s Alternative Fuels and Advanced Vehicles Data Center (AFDC).
• If your Federal income tax liability is less than the vehicle credit, you do not get the excess credit as a refund nor can you “carry it forward”, according to the “American Recovery and Reinvestment Act of 2009”, at the U.S. Government Printing Office:

(2)
(B) Limitation based on amount of tax.–In the
case of a taxable year to which section 26(a)(2) does
not apply, the credit allowed under subsection (a) for
any taxable year (determined after application of
paragraph (1)) shall not exceed the excess of–
(i) the sum of the regular tax liability (as
defined in section 26(b)) plus the tax imposed by
section 55, over
“(ii) the sum of the credits allowable under
subpart A (other than this section and sections 23
and 25D) and section 27 for the taxable year.}}

• Tax credit for EVSE:
• 2011: “The credit amount is up to 30% of the cost, not to exceed $30,000 for equipment placed into service in 2011“.
• 2009 & 2010: Federal tax credit for EVSE (Electric Vehicle Supply Equipment, a.k.a. “charger”): “smaller of 50% … of the property’s cost or $2,000″.
• Can you get tax credit on an EVSE that is installed before you get your LEAF? The answer appears to be “yes”. Interwiki: mnl++

IRS Forms

2011 income tax:

IRS Form 8936, “Qualified Plug-in Electric Drive Motor Vehicle Credit” for $7500 tax credit for Nissan LEAF

IRS Form 8911: “Alternative Fuel Vehicle Refueling Property Credit” for tax credit for EVSE

2010 income tax:

IRS Form 8936, “Qualified Plug-in Electric Drive Motor Vehicle Credit” for $7500 tax credit for Nissan LEAF

IRS Form 8911, “Alternative Fuel Vehicle Refueling Property Credit” for tax credit for EVSE

State-Specific Incentives

California

• California tax incentives, at leafic.com.

Texas

Texas’ AirCheckTexas Drive a Clean Machine program provides a $3500 reimbursement towards the replacement of an at-least-10-year old car or truck, or one that fails emission testing, and one’s net taxable income is below a certain limit.

• Dallas
  : applies to “residents of the Dallas‐Fort Worth non‐attainment counties (Collin, Dallas, Denton, Ellis, Johnson, Kaufman, Parker, Rockwall, and Tarrant)” onlY: they “may be eligible to receive vouchers for $3,000 toward the purchase of a newer qualifying electric vehicle from participating auto dealers.“
• Austin
  Austin Energy has “Plug-In Partners Pilot Program” that provides “Residential Plug-in Electric Vehicle (PEV) owners within Austin Energy’s electric service territory may participate in Austin Energy’s Plug-In Partners Pilot Program (Pilot Program) and receive a rebate (up to $1,500) of 50% of the cost of purchase and installation of a Level 2 (220/240 volt) charging station.”
• To register, go to this page, click on the “Register online” link.
• After registration, you will receive an application, and a list of “approved contractors”. You need to get a bid from one of those contractors.

“quoteSEC. 30D. NEW QUALIFIED PLUG-IN ELECTRIC DRIVE MOTOR VEHICLES.
(c)
“