I guess this just goes to show how confusing this issue is. DSIRE says the following in the Summary section for the residential ITC:
"The excess credit may be carried forward until 2016, but it is unclear whether the unused tax credit can be carried forward after then." http://programs.dsireusa.org/system/program/detail/1235 And I can't really make out what the actual code is trying to say (see section (2) Carryforward of unused credit): http://www.gpo.gov/fdsys/pkg/USCODE-2011-title26/pdf/USCODE-2011-title26-s ubtitleA-chap1-subchapA-partIV-subpartA-sec25D.pdf Best, August -----Original Message----- From: RE-wrenches [mailto:re-wrenches-boun...@lists.re-wrenches.org] On Behalf Of Howie Michaelson Sent: Sunday, March 29, 2015 11:25 AM To: RE-wrenches Subject: Re: [RE-wrenches] ITC - updated question on post-2016 I recently researched just this question, and from what I could gather from the SEIA website and some other online references which I'm not certain were up-to-date information, the residential tax credit can only be rolled forward 1 year, which is very different than what I had read in the past, and what I have told clients before. Apparently there is more flexibility using the business tax credit. I may have misinterpretted the information presented, but that is the best I could come up with. Certainly would appreciate hearing from someone more officially informed that the credit can be rolled forward more than 1 year. Howie Larry Crutcher wrote: The tax credit can be carried back one year and forward 20 years. Unless the credit is extended, it applies to systems placed in service on any dwelling unit by Dec. 31, 2016. Thank you, Larry Crutcher Starlight Solar Power Systems On 3/27/15 4:41 PM, August Goers wrote: > > Hi Wrenches, > > > > Since we're on the topic of the ITC, I have another question someone might be able to help with. Assuming that a system is placed into service prior to the end of 2016, it should qualify for the 30% tax credit. Some people do not have enough tax liability to take the whole credit in the same year of the installation and I believe they typically have 5 years to take the credit. Do this apply to post-2016 as well? In other words, if a system is placed into service in 2016 but the owner doesn't have a tax appetite until sometime after 2016, can they still take the tax credit (within 5 years)? I'm assuming the answer is yes, but thought some of you might be more versed in the tax code. > > > > Thanks, > > > > August -- Howie Michaelson NABCEP Certified PV Installation ProfessionalT Catamount Solar, LLC Renewable Energy Systems Sales and Service VT Solar Electric & Hot Water Incentive Partner http://www.CatamountSolar.com 802-272-0004 _______________________________________________ List sponsored by Redwood Alliance List Address: RE-wrenches@lists.re-wrenches.org Change listserver email address & settings: http://lists.re-wrenches.org/options.cgi/re-wrenches-re-wrenches.org List-Archive: http://www.mail-archive.com/re-wrenches@lists.re-wrenches.org/maillist.htm l List rules & etiquette: www.re-wrenches.org/etiquette.htm Check out or update participant bios: www.members.re-wrenches.org _______________________________________________ List sponsored by Redwood Alliance List Address: RE-wrenches@lists.re-wrenches.org Change listserver email address & settings: http://lists.re-wrenches.org/options.cgi/re-wrenches-re-wrenches.org List-Archive: http://www.mail-archive.com/re-wrenches@lists.re-wrenches.org/maillist.html List rules & etiquette: www.re-wrenches.org/etiquette.htm Check out or update participant bios: www.members.re-wrenches.org
