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Federal and State Incentives for Plug-Ins, EV's

Discussion in 'Toyota Prius Plug-in' started by wjtracy, Sep 24, 2012.

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  1. cwerdna

    cwerdna Senior Member

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  2. Electric Charge

    Electric Charge Active Member

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    I can't claim it since I leased the car.

    As for the local Syracuse deal, it's a lot of money down for a lease which you won't get back should something happen, or do an early lease trade-in, so I went with the 0 down (well technically, the first payment had to be put down).
  3. wjtracy

    wjtracy Senior Member

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    Last week I used TurboTax 2011 to do a hypothetical PiP tax credit calculation. It was $2500.
    Someone should check me. TurboTax 2011 asks EV batt size, then calculates the tax credit.
    It also asks VIN, and make and model, but I think those things not used in the tax calcs.
    Any valid VIN works in TurboTax 2011.
  4. usbseawolf2000

    usbseawolf2000 HSD PhD

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    Tax credit starts at $2,500 for min 4kWh plugin battery. Additional kWh qualifies for $417.
  5. DadofHedgehog

    DadofHedgehog Active Member

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    Virginia update for Dominion Virginia Power (the overwhelmingly major utility here) EV customers: my Dom VA Schedule 1EV separate meter installation for a dedicated hardwired EV Level 2 charger is complete. Four pix and a document follow:

    Picture #1: new secondary meter (free thanks to the stimulus and Virginia's governor) is the lower, smaller meter.

    Picture #2: same installation in profile. Our meters are on the back yard house wall on the patio.

    Picture #3: the Leviton L2 charger on the front of the house next to the driveway (1939 house = no garage).

    Picture #4: same L2 charger in profile. The "storage socket" is a PVC pipe attached to the front porch swing.

    Document = Dom Va Power residential Schedule 1EV, which is a ToU tariff schedule - check out the Super Off Peak rates!

    Note: this is an experimental Dom Va Power schedule at this time, and new signups must be made by late November this year.

    Attached Files:

  6. wjtracy

    wjtracy Senior Member

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    Nice photos. I am sure that helps anyone in VA thinking about this.
    Question- I am a PiP novice, but I was thinking you just used a normal plug/outlet.
    Did you buy some kind of special L2 charger? or does Dominion supply this?
    I am confused if the Nov deadline may have changed , but any VA PiP owners should act ASAP to get onto Dominions plan.
  7. DadofHedgehog

    DadofHedgehog Active Member

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    WJTracy,

    I have the Toyota-endorsed Leviton Level 2 charger. With this program, any Level 2 (240v) charger will work. Dom Va Power's stipulation is that the EV charging line be hard-wired (so as to avoid easy use for other than EV car charging) and that the line be limited to EV car charging. The 1st condition is met by a hard-wired termination at a device that can only be used for car charging, i.e. that ends with a J1772 car charging plug. The 2d condition seems to preclude a regular 120v receptacle, as anything (a freezer in the garage, for example, or a woodworking machine) could then be plugged into it in the future. This is my interpretation although perhaps the 2d condition is a "soft" condition, i.e. the car charging use could perhaps be assumed for a dedicated garage plug demonstrably (via ToU smart meter readings) used in the middle of the night.

    The Dom Va Power folks came and inspected the dedicated line running from our circuit breaker panel in the basement, up to the 2d meter base (the lower meter in the picture) back down into the basement to avoid a kitchen door on the side wall and out to the L2 charger on the front corner by the driveway. They physically followed the lines to check there is nothing, like the kitchen range or the clothes dryer, surreptitiously hooked up to this line and that nothing additional could be plugged into it after they left. They emplaced the 2d smart meter less than a week later, I guess after the utility corporate office completed its additional, separate-line usage tracking billing arrangements. I'll see the 1st utility bill with the dual usage tracking (separate for house use and car use) after the next billing cycle closes for me on 09 November.

    I hope this helps, as I think the EV cars are here to stay and will doubtless grow larger and larger capacity batteries within a few years. My expense was paying for the electrical work of running the panel - 2d meter base - L2 charger line, and for installing the 2d meter base. To account for future higher amperage L2 chargers, I specified 6-gage copper for this line to have this job done once and for all. Dom Va Power supplies only the 2d meter, provided free by the State under this program.

    Note: the national fire code requires the 2d meter to be located within feet from and on the same wall as the main house meter, so that any firemen responding to a fire immediately locate all the meters accurately.
    lensovet and wjtracy like this.
  8. DadofHedgehog

    DadofHedgehog Active Member

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    WJTracy, I did use my pEEf-upgraded OEM EVSE for two weeks while the L2 charger was disconnected during the electrical work and during the post-inspection wait for the 2d meter to be plugged in.
  9. wjtracy

    wjtracy Senior Member

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    OK thanks you are over my head, but I think you are saying you already had a car charger that Prius Chat member pEEf made an upgrade to. Did you have a prior plug-in car? such as modified Prius with Enginer kit?
  10. Quentin

    Quentin Member

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    What dealer did you purchase from? My brother is looking at a PiP and with my employee discount, the out the door price is around $27,500. After the fed tax credit and the insane WV tax credit, this car will cost him around $17,500 all told. He might have trouble plugging in very often, but that is cheaper than he can get a Prius c One!
  11. usbseawolf2000

    usbseawolf2000 HSD PhD

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    That's a crazy deal. Does the $27,500 include sales tax and various fees? OTD means it does. Just want to confirm.
  12. wjtracy

    wjtracy Senior Member

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    Quentin- I am NOT a PiP owner. My interest is documenting here the incentives for each state.
    Looks like WVa is $7500...exciting but but be careful. You really will not know your rebate until you fill out your tax return, according to WV Prius Chat member Satch (see earlier posts). This situation is uncertain and a little bit like the orginal hybrid tax credits for 2006 Prius. We all thought we were getting $3150 Federal credit for Prius, but on FORM 1040 the IRS had built-in silly ways to take back the credit so we lost a lot of it. So hopefully you really want a PiP and if the credit is uncertain you are willing to that risk.

    When you own a PiP there are sacrifices such as less trunk space, no spare tire etc. make sure you can live with a PiP then the credits are gravy.

    PS- I put a personal email on this out to my WV relatives last week, so far no interest.
  13. Quentin

    Quentin Member

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    Yes, includes WV sales tax. Price before tax is around $25,800. I don't know if that includes TDA or not, though. Forgot to ask.
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  14. Quentin

    Quentin Member

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    My understanding of the WV tax credit is that you get only as much as your overall tax burden the first year. Say my tax burden to WV is $5500, I get $5500 tax credit for my 2012 taxes. The remaining $2000 can be rolled over to 2013 taxes. Now, it is also my understanding that the tax is calculated much like sales tax on a vehicle in WV. For example, if I traded my 4Runner in on the PiP, it would be the PiP price ($25800) minus the trade-in (say $22000) times the 0.35%. So I'd only get 35% of $3800 ($1330) of state tax credit.

    http://www.state.wv.us/taxrev/forms/2011/aftc1.pdf
  15. wjtracy

    wjtracy Senior Member

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    ...I am confused now, but main thing is you know more than me, so you know how to figure for your family.
    Are we still saying best case scenario (assuming no trade-in) is you could possibly get as much as $7500 credit, rolling over to next years if necessary (a gift that keeps on giving)?
  16. Quentin

    Quentin Member

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    Yep. You will get the full allowable tax credit ($7500, assuming no trade in) eventually. If you pay very low taxes, it might take 2, 3, or 4 years to get the full $7500. Of course, I will have the tax preparer confirm all of this prior to purchase.
    wjtracy likes this.
  17. CharlesH

    CharlesH CA HOV Decal #00005

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    Interesting that WV allows a rollover for it's tax credit over several years. The $2500 federal income tax credit must be claimed against the current year's tax liability, and any unused amount cannot be rolled over to the following year and is lost.
  18. wjtracy

    wjtracy Senior Member

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    ...as I told Satch, they don't call it West "By God" Virginia for nothing, but I repeat myself.
  19. wjtracy

    wjtracy Senior Member

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    Quentin/Satch- see paragraph (d)(1)
    We need to know if anyone knows if PiP has been ruled to qualify, perhaps Toyota has done this already, or would to do this if asked....sounds like (d)(2) below is conversion to plug-in



  20. El Dobro

    El Dobro A Member

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    Looks like 1 fits the PIP to a T.
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