Re: [RE-wrenches] ITC for solar water pumping on a ranch

2014-10-30 Thread Bob-O Schultze
It's totally OK to apply for an offgrid Fed ITC. Some state (like OR) will even give you a State ITC for offgrid. However, I did have an offgrid client a few years back who's ITC was questioned. The IRS wanted to know if the PVs were for real (Mitsubishi just makes cars and TVs, right?) and want

Re: [RE-wrenches] ITC for solar water pumping on a ranch

2014-10-29 Thread Jerry Shafer
Reading the code they removed the grid tie only and this opened the door for off grid customers i would say its OK but i always recommend contacting the customers tax accountant as they will sign right next to your customer and they sometimes think different. On Oct 29, 2014 2:13 PM, "SunHarvest"

Re: [RE-wrenches] ITC for solar water pumping on a ranch

2014-10-29 Thread Dean T. Newberry
HI Eric, The DSIRE website lists the incentives, there is no requirement for grid tie. Have your CPA or attorney verify, you can also query the IRS. Ag systems filing Schedule F qualify for REAP grants from the USDA. I have done several grants and we always add the ITC and depreciation.

Re: [RE-wrenches] ITC for solar water pumping on a ranch

2014-10-29 Thread Allan Sindelar
Eric, My understanding is that it's a residential credit and thus has to be used for a residence, although it's not limited to a primary residence. So in that case, no, an irrigation pump would not be allowed. By the way, solar water pumping is specifically