never ever is it simple in IRS-ville.
In some cases you can take it either way (depending on the source of the funds
of the grant). SEIA membership is important for MANY reasons (the ITC
extension for one). They have a great resource on their members only
website. Another great resource is Lawrence Berkley National Labs.
For a brighter energy future,
Geoff Greenfield
President
Third Sun Solar & Wind Power Ltd.
340 West State Street, Unit 25
Athens, OH 45701
740.597.3111 Fax 740.597.1548
www.Third-Sun.com
Clean Energy - Expertly Installed
----- "Kirpal Khalsa" <solarwo...@gmail.com> wrote:
> Nik......we have been operating under the assumption that the total cost is
> used......however.........you or your customer will need to pay federal taxes
> on any state incentives whether they be rebates or tax credits......luckily
> you dont have to pay federal taxes on your federal tax credit!.....The state
> incentives are viewed by the feds as income so they will be taxed at the
> customers going tax rate.....
>
> That is our understanding within our company......
>
> --
> Sunny Regards,
> Kirpal Khalsa
> NABCEP Certified Solar PV Installer
> Renewable Energy Systems
>
> _______________________________________________ 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
