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

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Qualified Vehicles Acquired after 12-31-2009 has a link leading to 30D. New Qualified Plug-in Electric Drive Motor Vehicles – Toyota Motor Sales, S.S.A., Inc. which lists $2500 for the PiP.

 

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).

 

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

 

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.

 

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.

 

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.

 

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!

 

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

 

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.

 

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

 

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.

 

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.

 

Looks like 1 fits the PIP to a T.