Only Seven Months Left to Secure Your EV Credit

A valuable federal tax credit is scheduled to expire soon, and we want to make sure you are aware of it. If you’re considering installing an electric vehicle (EV) charger or other alternative-fuel refueling equipment, now is the time to act. After June 30th, 2026, the EV credit is no longer available for new installations. That leaves just a short window to take advantage of this meaningful tax savings opportunity.

How the EV Credit Works

The credit generally equals 30% of the cost of qualifying charging or refueling equipment. Here’s what that means depending on how you use the equipment:

For Personal Use at Your Principal Residence

• You can claim a credit of up to $1,000.
• Your home must be located in an eligible census tract, which includes low-income and non-urban areas.

For Business Use

• The credit becomes much more significant—up to $100,000 per item.
• You may also increase your credit rate from 6% to 30% if your project meets specific wage and apprenticeship rules.

Location Rules Are Critical 

Location is now one of the biggest barriers to qualifying, thanks to stricter rules. To claim the credit, your installation must be in a low-income or non-urban census tract, which surprisingly covers about 97% of U.S. land area.

Before spending any money, verify that your site qualifies—it’s one of the most important steps in the process.

What Counts as Qualifying Equipment
You must be the original user of the equipment, and the components must operate together as an integrated charging or refueling system. Qualifying projects may include costs for:

• Charging units
• Pedestals
• Electrical panels and upgrades
• Wiring and conduit
• Smart charging or load management systems

If equipment serves both personal and business purposes, you must allocate costs and calculate the credit based on actual usage percentages.

For businesses—especially those operating fleets or installing multiple ports—this credit can be substantial when all related costs are properly accounted for.

How to Claim the EV Credit

The IRS requires specific forms depending on whether the installation is personal or business-related:

• Individuals: Claim the EV credit on Form 8911, which flows to Schedule 3 of Form 1040
• Businesses: Claim the EV credit on Form 8911, then carry it to Form 3800

Keep in mind: You must reduce the basis of the equipment by the amount of the credit. Recapture rules may apply if the equipment stops qualifying or its use changes.

Don’t Miss Out, Plan Your Installation Now

With the expiration deadline quickly approaching, now is the ideal time to review your plans, confirm eligibility, and estimate your benefit. Acting early gives you time to meet wage requirements, secure installation resources, and avoid last-minute delays.

TrueBlaze Accounting & Tax can help you evaluate your project, confirm eligibility, and structure the installation to maximize your available credit. If you’d like to discuss this opportunity, please contact TrueBlaze. We’re here to help.