Hi All, Just received the following in an email from my local state solar lobbying group.
---snip--- *Solar projects 1.5 MW (AC) or less remain eligible to use the 5% Safe Harbor rule.* That means: If at least 5% of project costs are incurred (equipment deposits, racking, inverters, modules) before December 31, 2025, the project qualifies as “begun construction.” Alternatively, starting physical work—like installing racks on a rooftop—also establishes eligibility. Once placed in service, these projects may be eligible the full 30% Residential Clean Energy Credit. *Contact a tax attorney for further details.* ---snip--- Has anyone heard a similar interpretation recently? A little scary that they say "may be eligible". Thanks, Kris Shine On! Kris Schmid Legacy Solar, LLC 137 West 1st Avenue Luck, WI 54853 www.legacysolar.com 715-653-4295 NABCEP Certified PV Installation Professional Licensed Wisconsin Master Electrician BSEE
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