The SEIA tax credit guide is clear on this. The tax credit applies for the year the equipment is placed into service. This is the language Mark was referring to earlier:
Equipment is considered "placed in service" in the year it is capable of being used by the taxpayer for its intended purpose. Four things must ordinarily have happened for this to be true: · The equipment must have been delivered and physical construction or installation on site must have been completed, although contractor personnel can still be at the site in support of startup and maintenance and completion of minor tasks like painting and attending to punchlist items. · The taxpayer must have taken legal title and control of the equipment. · The taxpayer must have the licenses and permits needed to operate it. · Pre-operational tests must have demonstrated that the equipment can serve its intended function. (Other testing to determine whether the equipment can operate at the design capacity and to identify and eliminate defects can occur after the equipment is in service.) Basically, anything that Kirpal and the utility can do to clarify that the system is placed into service in 2009 will serve the customer¹s interest. Especially if the invoices and permits are all close in 2008, an additional paper trail is necessarylike the commissioning form that Joel sent. On 12/3/08 1:50 PM, "Mendocino Solar Service" <[EMAIL PROTECTED]> wrote: > Kirpal et al, > > I'm wondering how the tax code will allow a 2008-installed but > 2009-commissioned system to be expensed as a 2009 expense, for tax credit > purposes, if the payments were made by the system owner in 2008? > > > Bruce Erickson > Mendocino Solar Service > 707-937-1701 > 707-937-1741 fax > PO Box 1252 > Mendocino, CA 95460 > > > > "Serving the Solar System" > > > > > > > On Dec 3, 2008, at 10:59 AM, Kirpal Khalsa wrote: > >> Greetings......we recently installed a solar pv system on a residential >> customer and it has been inspected by both the local electrical inspector and >> the state rebate authority and approved. Now that we have passed those >> inspections, the next phase of the process is having the utility company come >> out and install their new meter for net metering......I was wondering if >> anyone has a definitive answer as to what actually commissions the system? >> We are thinking of having the power company hold off until after the new year >> so that the customer can get the 2009 tax credits instead of the 2008 >> credits....... >> The question is does the system get commissioned once it is inspected or >> once the power company gets the new meter installed so that the system can >> actually be turned on..... >> Thanks for any advice.......It actually could be worth its weight in >> gold!....... >> Cheers, >> Kirpal Khalsa >> Renewable Energy Systems >> www.oregonsolarworks.com <http://www.oregonsolarworks.com> >> _______________________________________________ >> List sponsored by Home Power magazine >> >> List Address: RE-wrenches@lists.re-wrenches.org >> >> Options & settings: >> http://lists.re-wrenches.org/options.cgi/re-wrenches-re-wrenches.org >> >> List-Archive: >> http://lists.re-wrenches.org/pipermail/re-wrenches-re-wrenches.org >> >> List rules & etiquette: >> www.re-wrenches.org/etiquette.htm >> >> Check out participant bios: >> www.members.re-wrenches.org >> >> >> >> >> >> _______________________________________________ >> List sponsored by Home Power magazine >> >> List Address: RE-wrenches@lists.re-wrenches.org >> >> Options & settings: >> http://lists.re-wrenches.org/options.cgi/re-wrenches-re-wrenches.org >> >> List-Archive: >> http://lists.re-wrenches.org/pipermail/re-wrenches-re-wrenches.org >> >> List rules & etiquette: >> www.re-wrenches.org/etiquette.htm >> >> Check out participant bios: >> www.members.re-wrenches.org >> >> >> David Brearley, Technical Editor >> SolarPro magazine >> NABCEP Certified PV Installer >> [EMAIL PROTECTED] >> Direct: 541.261.6545 >> Fax: 541.512.0343 >> >> Visit our Web site at solarprofessional.com
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