Thanks, Randy. Do you have a reference for the depreciable basis being reduced by half the tax credit? I've emailed the treasury dept. and will report back what I hear from them.
Dana Dana Brandt Ecotech Energy Systems, LLC www.ecotechenergy.com d...@ecotechenergy.com 360.510.0433 On Tue, Sep 29, 2009 at 8:39 PM, Randy <ra...@positiveenergysolar.com>wrote: > Dana, > > Federal depreciation rules establish depreciation or the depreciable basis > based on the system cost reduced by half of the tax credit. The federal > grant is “in lieu” of the tax credit therefore I am fairly certain that > treatment should be the same as taking the tax credit. > > > > However, I couldn’t readily find a definitive answer and it was not covered > in the SEIA webinar. If you cant get an affirmative response then email the > treasury department at 1603questi...@do.treas.gov. > > > > Randy > > > > Randy Sadewic > > Positive Energy > > > > Office: 505 424-1112 > > Cell: 505 570-0137 > > *From:* re-wrenches-boun...@lists.re-wrenches.org [mailto: > re-wrenches-boun...@lists.re-wrenches.org] *On Behalf Of *Dana Brandt > *Sent:* Tuesday, September 29, 2009 5:33 PM > *To:* RE-wrenches > *Subject:* [RE-wrenches] does the federal grant affect depreciation? > > > > Wrenches, > > I feel like this must have been discussed before, but I can't find it in > the archives. > > If a business takes the 30% federal grant, do they get to depreciate 100% > of the system cost, or just the remaining 70%? > > Thanks, > > Dana > > > Dana Brandt > Ecotech Energy Systems, LLC > www.ecotechenergy.com > d...@ecotechenergy.com > 360.510.0433 > > _______________________________________________ > 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
