With tax season coming up, we are getting inquiries about how the federal
tax credit works.
My reading on what little info the IRS has is that the 30% credit can be
taken only on your actual out of pocket expenses - that is, full cost of the
system minus any other rebates, incentive, or grants.
But a few of our customers are telling us that they are being told by some
that the full 30% credit applies no matter what other incentives they might
get. That does not make sense to me, but I can find nothing on the IRS site
or anyplace else that really addresses that issue.
Does anyone have some actual documented info on this?
..................................................................................................
Northern Arizona Wind & Sun - Electricity From The Sun Since 1979
Solar Discussion Forum: http://www.wind-sun.com/ForumVB/
..................................................................................................
_______________________________________________
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
