This may help, from a SEIA webinar in September. To answer your
question: "It depends." (sorry!) See pages 13-15.
http://www.seia.org/galleries/pdf/SEIA%20Tax%20Basis%20Webinar%209%2024%2009%20%5BCompatibility%20Mode%5D.pdf
-------- Original Message --------
Subject: Re: [RE-wrenches] 2009 Federal Tax Credit Clarification
From: wind...@wind-sun.com <wind...@wind-sun.com>
To: RE-wrenches <re-wrenches@lists.re-wrenches.org>
Date: 2009/11/2 11:32
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/
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