Note: Section 13404 of The Inflation Reduction Act of 2022 (H.R. 5376) modified and extended the expiration date for the Alternative Fuel Vehicle Refueling Property Credit. The summary below described the credit as modified by H.R. 5376.
Qualified alternative fuel vehicle refueling equipment not subject to depreciation allowances, including electric vehicle charging equipment, is eligible for a tax credit of 30% up to $1,000. These projects do not have to meet the same labor standards as commercial projects in order to qualify for the full 30% tax credit.
Section 13801 of The Inflation Reduction Act of 2022 also