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A comment on Tesla’s new Solar Roof costs less than a new roof plus solar panels. Parent comment

Re:Tesla’s new Solar Roof costs less than a new roof plus so... by selectodude on Saturday October 26, 2019 @10:02AM (#21363720)
Not quite. That $7500 is a full on tax credit. Not a deduction. So as long as you pay more than $7500 in taxes, you get it all back. And if for some reason you pay less, you’ll get a refund.
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Re:Tesla’s new Solar Roof costs less than a new roof plus so... by joshcain on Saturday October 26, 2019 @10:39AM (#21363932)
No, he’s right. The EV credit is not refundable* so your tax liability has to be at least $7500 to get the full benefit of it.

* https://ttlc.intuit.com/community/tax-credits-deductions/dis...

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Re:Tesla’s new Solar Roof costs less than a new roof plus so... by selectodude on Saturday October 26, 2019 @11:09AM (#21364110)
I didn't realize it wasn't refundable. However you don't need to make much to pay $7500 in taxes. I don't make enough to buy an electric car and I pay three times that.
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Re:Tesla’s new Solar Roof costs less than a new roof plus so... by Someone1234 on Saturday October 26, 2019 @11:53AM (#21364390)
> However you don't need to make much to pay $7500 in taxes.

You do if you're a family, with a 24K standard deduction, a family HSA ($7K), and any number of 401Ks for retirement. A group of people who would benefit significantly from an electric vehicle.

As I said, I don't qualify for the full amount and I earn well above the state's average.

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