EcoRenovator  

Go Back   EcoRenovator > Improvements > Conservation
Advanced Search
 


Blog Register 60+ Home Energy Saving Tips Recent Posts Search Today's Posts Mark Forums Read


Reply
 
Thread Tools Display Modes
Old 11-15-17, 09:41 AM   #191
gasstingy
Journeyman EcoRenovator
 
Join Date: Feb 2010
Location: Arab, AL
Posts: 491
Thanks: 109
Thanked 49 Times in 43 Posts
Default

Thankfully, it has to go through the Senate and then the Senate and House have to reconcile their two versions inito something they can send to President trump for his autograph.

Many are working to not let this credit be killed, including General Motors & Tesla {I don't think Tesla carries much weight in this regard though}. There is a little hope for this to do the normal phase-out.

gasstingy is offline   Reply With Quote
Old 11-15-17, 09:50 AM   #192
pinballlooking
Super Moderator
 
pinballlooking's Avatar
 
Join Date: Jun 2013
Location: SC
Posts: 2,847
Thanks: 166
Thanked 542 Times in 445 Posts
Default

I really hope the tax credit does not get phased out.

Personally I need the tax credit this year and I would not buy it new without the tax credit.

It was very hard to find the Volt we were looking for. After owning Gen1 we are very picky.

We wanted gray (satin steel) heated seats/heated steering wheel with Bose sound system cloth interior.
No other options. They are pretty loaded anyway even back camera is standard.

Dealer located one and should know if they can get it later today.
It from a dealer they trade with so it should not be a issue.
__________________
Current project Aquaponics system , Passive Solar Greenhouse build

To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

Solar Install 12.5 Kwh-
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

Mini Split installs -
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

EV Chevy Volt -
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
pinballlooking is offline   Reply With Quote
Old 11-15-17, 10:23 AM   #193
gasstingy
Journeyman EcoRenovator
 
Join Date: Feb 2010
Location: Arab, AL
Posts: 491
Thanks: 109
Thanked 49 Times in 43 Posts
Default

Even if this gets killed, if you buy {take delivery and register it} this year, I'm near certain it would not apply to you. If it does goes through the way it was reported and you took delivery in January, you would not be eligible.

BTW, the $7500 tax credit is only good for $7500 if your tax liability, not the amount you've paid in this year, is $7500. This credit is not able to carryover if you don't use it all. There may be a couple of stratagies to increase your tax liability this year, bringing it from a future year to help max out the amount of your credit, though. By that, I mean, if you were to convert a Traditional IRA to a Roth, you would owe the tax that otherwise would have been deferred until you withdrew the money. Then, THAT money would be Roth, not subject to Federal tax when you withdrew it.

IMPORTANT NOTE: Please don't blindly trust this advice, but talk to a tax person to make sure whatever you do, you are informed about any possible negative consequences.
gasstingy is offline   Reply With Quote
Old 11-15-17, 11:14 AM   #194
WyrTwister
Master EcoRenovator
 
Join Date: Jun 2013
Location: USA
Posts: 543
Thanks: 6
Thanked 44 Times in 38 Posts
Default

Best of luck with your new Volt ! :-)

How much are you saking for the old one ?

Wyr
God bless
WyrTwister is offline   Reply With Quote
Old 11-15-17, 11:19 AM   #195
WyrTwister
Master EcoRenovator
 
Join Date: Jun 2013
Location: USA
Posts: 543
Thanks: 6
Thanked 44 Times in 38 Posts
Default

How many miles are you now getting on a battery charge ?

Wyr
God bless
WyrTwister is offline   Reply With Quote
Old 11-15-17, 11:25 AM   #196
pinballlooking
Super Moderator
 
pinballlooking's Avatar
 
Join Date: Jun 2013
Location: SC
Posts: 2,847
Thanks: 166
Thanked 542 Times in 445 Posts
Default

My 2013 Volt I am selling for 8K

I have someone that wants to come 1 ½ away with money on Sunday. (It is not promised to anyone)
If not I will trade it in they are giving me 7,500 for trade in. So on Monday if it is not sold it will get traded.
We are getting the same range as when it was new.
Today it was 42 degees out and I still got 38 EV miles when it is warmer we get 40-42 all the time.
__________________
Current project Aquaponics system , Passive Solar Greenhouse build

To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

Solar Install 12.5 Kwh-
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

Mini Split installs -
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

EV Chevy Volt -
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

Last edited by pinballlooking; 11-15-17 at 12:23 PM..
pinballlooking is offline   Reply With Quote
Old 11-15-17, 11:38 AM   #197
pinballlooking
Super Moderator
 
pinballlooking's Avatar
 
Join Date: Jun 2013
Location: SC
Posts: 2,847
Thanks: 166
Thanked 542 Times in 445 Posts
Default

Some good news EV tax credit it is still in the Senate bill.

Electric vehicle tax credit preserved in Senate’s revised tax bill, says senator
https://electrek.co/2017/11/09/elect...-says-senator/

I am not concerned that I will get the credit they will end it Jan one 2018.

But I would like to see it stay to help EV sales.
__________________
Current project Aquaponics system , Passive Solar Greenhouse build

To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

Solar Install 12.5 Kwh-
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

Mini Split installs -
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

EV Chevy Volt -
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
pinballlooking is offline   Reply With Quote
Old 11-15-17, 11:43 AM   #198
pinballlooking
Super Moderator
 
pinballlooking's Avatar
 
Join Date: Jun 2013
Location: SC
Posts: 2,847
Thanks: 166
Thanked 542 Times in 445 Posts
Default

Quote:
Originally Posted by gasstingy View Post
Even if this gets killed, if you buy {take delivery and register it} this year, I'm near certain it would not apply to you. If it does goes through the way it was reported and you took delivery in January, you would not be eligible.

BTW, the $7500 tax credit is only good for $7500 if your tax liability, not the amount you've paid in this year, is $7500. This credit is not able to carryover if you don't use it all. There may be a couple of stratagies to increase your tax liability this year, bringing it from a future year to help max out the amount of your credit, though. By that, I mean, if you were to convert a Traditional IRA to a Roth, you would owe the tax that otherwise would have been deferred until you withdrew the money. Then, THAT money would be Roth, not subject to Federal tax when you withdrew it.

IMPORTANT NOTE: Please don't blindly trust this advice, but talk to a tax person to make sure whatever you do, you are informed about any possible negative consequences.
I have no worries that I will use all the credit. I have more money than that sitting in the bank waiting to pay the IRS Taxes for this year. So I will take 7,500 of that money out and use it on the car instead of paying it to IRS.
Instant gratification.

It was a bummer to find out my state SC ended EV tax credit last year. That was $2,000 for a Volt.
They voted to end it early that is why I did not know that they did it.
__________________
Current project Aquaponics system , Passive Solar Greenhouse build

To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

Solar Install 12.5 Kwh-
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

Mini Split installs -
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

EV Chevy Volt -
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
pinballlooking is offline   Reply With Quote
Old 11-16-17, 03:48 PM   #199
pinballlooking
Super Moderator
 
pinballlooking's Avatar
 
Join Date: Jun 2013
Location: SC
Posts: 2,847
Thanks: 166
Thanked 542 Times in 445 Posts
Default

I sold my Chevy Volt today. It is a sad and a happy day all in one.
We met at his bank ten miles from my house and he gave me a big wad of hundreds.
My new Volt is going to be here Friday or Saturday.
__________________
Current project Aquaponics system , Passive Solar Greenhouse build

To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

Solar Install 12.5 Kwh-
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

Mini Split installs -
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

EV Chevy Volt -
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
pinballlooking is offline   Reply With Quote
Old 11-16-17, 04:48 PM   #200
WyrTwister
Master EcoRenovator
 
Join Date: Jun 2013
Location: USA
Posts: 543
Thanks: 6
Thanked 44 Times in 38 Posts
Default

Congrats , my friend !

Here is wishing it serves you as well as the first one did ! :-)

Wyr
God bless

WyrTwister is offline   Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 10:37 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2021, vBulletin Solutions Inc.
Ad Management by RedTyger
Inactive Reminders By Icora Web Design