Are you considering buying an electric vehicle in 2024? In a move designed to lower consumer costs and help car dealers increase sales, the government is expanding access to credits under the Inflation Reduction Act for new and previously owned EVs. North Carolina residents who purchase an EV will now see their credit at the point of sale, something research shows is widely preferred. They could also qualify for state-based rebates on EV chargers for their homes.
Blanton’s Air, Plumbing & Electric offers comprehensive EV charger installation services to Raleigh, Durham, and Fayetteville homeowners, including obtaining permits and approvals from local authorities.
If you’re interested in installing an electric vehicle charging station at your Triangle-area home, contact Blanton’s today at (910) 822-2866 in Fayetteville or (919) 298-2105 in the Triangle.
Wouldn’t saving thousands of dollars on your next EV purchase be nice? Good news! The 2024 electric vehicle tax credit helps you do just that.
The tax credit brings welcome relief to EV buyers, including those who invest in fuel-cell electric vehicles. The latest changes to the credit include:
To qualify for the federal tax credit, EVs must meet specific criteria, including:
For instance, the EV manufacturer’s suggested retail price (MSRP) cannot exceed specific amounts, used EV models must be at least 2 years old, and the vehicle must weigh less than 14,000 pounds. The EV must also satisfy battery and critical mineral requirements.
The federal tax credit amount is $7,500; however, that figure drops to $3,750 if the EV you purchase only meets the battery requirements. To check your vehicle’s eligibility, head to the Department of Energy’s website to see if it meets all the requirements.
One significant change to the tax credit begins on January 1, 2024. Instead of waiting to claim the credit on their federal taxes, consumers can transfer it to the car dealer, immediately reducing the vehicle’s purchase price at the point of sale. You must still fulfill all the eligibility requirements.
Beyond the federal EV tax credit, North Carolina offers additional incentives to help you save, including rebates on EV charging station installation. Duke Energy provides residential customers a $1,133 rebate for electrical upgrades to support Level 2 or direct current fast charging (DCFC) stations. The state’s Department of Environmental Quality also has a grant program that provides funding for purchasing and installing private Level 2 EV charging stations.
Note: The dealer you buy your EV from must be registered with the IRS’ Energy Credits Online before you claim or transfer your tax credit. Be sure to confirm the dealer’s participation before making the purchase.
Charging your EV at home is easier than ever with a Level 2 charging station installed by Blanton’s skilled technicians. Our team of specialists services and installs industry-best EV charging stations for homeowners throughout the Research Triangle area.
Ready to install an efficient and convenient EV vehicle charging station at your home? Call us today at (910) 822-2866 in Fayetteville or (919) 298-2105 in the Triangle to learn which brand and model of EV charger is best for your vehicle.
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We make the process easy in multiple ways but you can always expect the same, easy way when you work with us:
We don't schedule in those 4 hour windows - you won’t have to wait around for us.
We call you and give you updates. We provide a 30 minute heads up phone call.
When you book, you get a welcome email that shows your technician's photo and some of their recent customer reviews.
When your tech is dispatched, we provide a link where you can track them en route.
Ready for what’s next? Give us a call, schedule an appointment or fill out a form and we’ll take care of the rest!
