Tax question (does PowerShare gateway qualify w/ Fed Rebate under form 5695)

[freyguy]

All,
I'm filing my tax return and not sure if this has been addressed anywhere else in the community so hopefully this assist me and others.

In order to claim a credit for the Tesla PowerShare Gateway using Form 5695 (Residential Energy Credits). I've searched online and gotten mixed opinions with some saying it qualifies as battery storage since it enables vehicle-to-home power and off-grid backup during outages (technically, the Cybertruck's battery provides that capability), while others say it's a gray area or outright ineligible because the battery isn't stationary.

The form (or my tax software) is prompting for the kWh capacity for the rebate section. Has anyone here actually tried filing this way? If so:

• Did you put the truck's battery capacity (like ~123 kWh) in that spot?
• Did the IRS approve your claim and give you the credit?
• Or did you try and get denied/audited?

Just looking for some real-world tax experiences to help decide if it's worth pursuing. Thanks in advance!

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[Vagis9780]

All,
I'm filing my tax return and not sure if this has been addressed anywhere else in the community so hopefully this assist me and others.

In order to claim a credit for the Tesla PowerShare Gateway using Form 5695 (Residential Energy Credits). I've searched online and gotten mixed opinions with some saying it qualifies as battery storage since it enables vehicle-to-home power and off-grid backup during outages (technically, the Cybertruck's battery provides that capability), while others say it's a gray area or outright ineligible because the battery isn't stationary.

The form (or my tax software) is prompting for the kWh capacity for the rebate section. Has anyone here actually tried filing this way? If so:

• Did you put the truck's battery capacity (like ~123 kWh) in that spot?
• Did the IRS approve your claim and give you the credit?
• Or did you try and get denied/audited?

Just looking for some real-world tax experiences to help decide if it's worth pursuing. Thanks in advance!

I also researched and talked to tax professionals on filing for the credit, because the battery isn’t stationary Plus battery main function is to power truck and not home backup, it does not meet the credit qualification.

 

[Vagis9780]

I also researched and talked to tax professionals on filing for the credit, because the battery isn’t stationary Plus battery main function is to power truck and not home backup, it does not meet the credit qualification.

The gateway and labor to install does meet quaifications

 

[freyguy]

The gateway and labor to install does meet quaifications

The issue is the form asked you for the kWh size. It’s a required field to fill out. It’s a minimum for 3kwh or greater. But like you said the gateway isn’t a fuel cell it’s just the bridge to connect the home and the truck. And the truck as big of a fuel cell it may be it’s just not stationary and installed to the property.

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