The credit still applies. Some things to note are that the "placed in
service" date is when your customer actually moved in. So if he waited
until the new year to move for property tax reasons (?) he can't claim
the 30% credit until the 2012 tax year. Also, the credit only applies to
new equipment (just so you can't move your system from one house to the
next and claim 30% each year, I guess). Finally, you can't do something
crazy like claim the $1.5M house is the mounting structure for the 5kW
PV system and get a $460k rebate from the IRS.
Note that I'm basing this off the SEIA tax credit guide v1.2 from 2006
(back when it was publicly available), so your mileage may vary.
Not actually a tax expert,
Dave
On 2012/2/7 16:31, Ray Walters wrote:
Hi All;
I just had a customer ask if he could take the federal solar credit for
his PV system on his newly built off grid home.
I always thought you could, but the wording on the IRS form sounded a
bit like you couldn't take it for new construction.
What's the group's opinion on this?
Ray Walters
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