We've been to Disney three times for 4th of July week, including last summer (2004). We've never had a problem getting into Epcot in the evening.
For July 4, 1998, we went to Magic Kingdom in the morning of 4th of July, then took our nap/swim break, and went to Epcot for the evening festivities. For July 4, 2000, we went to Epcot in the morning, nap/swim break, and back to Epcot for the Fireworks - which were absolutely wonderful!!! For July 4, 2004, again we spent the morning at Epcot, nap/swim break, and then went back to Epcot around 5:00 pm.
No problems at all!!! The fireworks show is fantastic!!!!!
Enjoy your trip!!!