I have several clients who have taken the 30% FTC for off grid systems and even for battery replacement, & upgrades with no issue. As we have upgraded [expanded] our gird tie & SHW systems we have taken additional write offs and not had any issue with the 30%FTC. We have been careful to document the original VS the additional equipment & labor. Also we have not tried to write off the house as a mounting structure.
Dana Orzel Great Solar Works, Inc E - d...@solarwork.com V - 970.626.5253 F - 970.626.4140 C - 970.209.4076 web - www.solarwork.com "Responsible Technologies for Responsible People since 1988" -----Original Message----- From: re-wrenches-boun...@lists.re-wrenches.org [mailto:re-wrenches-boun...@lists.re-wrenches.org] On Behalf Of Dave Click Sent: Wednesday, February 08, 2012 9:15 AM To: RE-wrenches Subject: Re: [RE-wrenches] Tax Credit for New Construction? 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 > > _______________________________________________ > 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 _______________________________________________ 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
