We are pleased to announce the Pebble Flow, an all-electric, hassle-free towable travel trailer built with modern automotive technologies to deliver a magical experience and get-up-and-go freedom.
Each Pebble Flow comes equipped with a generous battery storage system. The battery capacity enables the Pebble Flow to store enough power to run for up to seven days without needing a plug-in charge and may enable you to claim a tax credit. The Pebble Flow can also be purchased with a solar system that can recharge the battery, which may also be eligible for the tax credit.
In 2022, the Federal government enacted the Inflation Reduction Act (IRA), which restores and extends certain Investment Tax Credits through 2032. Based on IRC Section 25D, your Pebble Flow purchase may qualify for a tax credit of up to 30% of the purchase price associated with the solar system, energy storage system and related components.
The below Q&A provides more information on the relationship between the relevant IRA tax credit and the Pebble Flow, but please note that this is not official tax advice. Everyone’s tax situation is unique and you should consult with a professional tax advisor to determine how the tax credit applies to your particular situation.
Section 25D, provides a tax credit for the purchase of residential clean energy equipment, including battery storage systems (with capacity of at least 3 kWh) and solar panel systems. You may be able to access the 25D tax credit for the tax year you purchase your Pebble Flow so long as the “equipment is installed in connection with a dwelling unit located in the United States and used as a residence by the taxpayer.” In general, the credit covers 30% of the portion of your purchase price associated with the equipment. The Pebble Flow comes equipped with battery storage plus associated components and some models can come equipped with solar. The equipment and each of those components are installed during our manufacturing process and the portion of your purchase price for the solar and for the battery storage will be provided as part of your Pebble Flow invoice. While the amount of your credit generally cannot exceed your tax liability for the year, unused credits may be able to carry forward to future years.
If you qualify for the 30% credit, we anticipate the credit for the battery storage system to be $8,800 and the credit associated with the optional solar system to be $1,200. These estimates do not include the optional charging cable, sales taxes, or destination charges, of which a portion may be eligible and details will be provided with your invoice. These numbers are estimates and may be different for your specific order and configuration. RV licensing & title costs are generally not considered eligible for the credit. Consult your tax advisor for details.
The IRS and Courts consider the RV as a “dwelling unit.” In general you will need to use the RV at least 1 time if the RV is not rented to others during the year. If you choose to rent out your RV during the year, then your personal use must be the greater of 14 days or 10% of the days rented. Your tax advisor will be able to determine your qualification based on the residence requirement. The IRS has stated that taxpayers can claim the 25D credit for second homes or vacation homes.
IRS form 5695, Part 1 is the tax filing for “Residential Clean Energy Credit”, which allows taxpayers to claim the 25D credit. At vehicle delivery, Pebble will provide documentation regarding the portion of your purchase price related to the solar system (line 1, form 5695) and to the battery storage system (line 5b, form 5695). The credit currently is 30% of the purchase price of qualified solar and battery storage expenditures, which includes all costs related to each system. Your tax advisor can assist in filling out the form properly.
Absolutely. The credit is codified in 26 U.S. Code § 25D - Residential clean energy credit. § 25D (d)(2) defines a “Qualified solar electric property expenditure.” The IRS provides additional information regarding the Residential clean energy credit and has released a fact sheet in December 2022 entitled “Frequently asked questions about energy efficient home improvements and residential clean energy property credits.” Additionally on the question of whether a mobile home, like the Pebble Flow, is considered a “dwelling unit,” 26 U.S. Code § 280A - Disallowance of certain expenses in connection with business use of home, rental of vacation homes, etc. provides that “the term ‘dwelling unit’ includes a house, apartment, condominium, mobile home, boat, or similar property, and all structures or other property appurtenant to such dwelling unit (emphasis added).” These are just a small selection of available and relevant materials and your tax advisor will be able to provide additional information.