tax credit question [RE-wrenches]

[Tom Lane]

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only the human beings who OWN  the system can depreciate the system --over 5 
years   accelerated ---  you can not depreciate what you do not own ---  
once a human being gets the tax credits ---no other human being can get the 
tax credit    HOWEVER AFTER  the full depreciation by the owner time wise is 
over AND  the system is sold to another human being or corporation -- then 
they can depreciate  their equipment again-- i am not sure about the time 
schedule ---5 or 15 years ???   gator tom 
: "Peter Duchon" <info at asappower.com>
To: <RE-wrenches at topica.com>
Cc: <RE-Markets at topica.com>
Sent: Wednesday, June 21, 2006 12:49 PM
Subject: RE: tax credit question [RE-wrenches]


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What about the case of the builder/developer leasing the PV system they own,
with the win-win benefit of lease payment write-offs to the homeowner or
commercial building owner?

Wouldn't the builder/developer be the owner of the residential PV system in
their commercial business operations if they are leasing the systems and
only  selling the support structure?  Magic 8 Ball indicates YES.  However,
"basis" of credit and associated rules will come into play.

Or does the tax code read such that it is the owner of the structure
(regardless of who "owns" the system) that receives the credit?

These are federal laws when talking about the tax credit features of the IRS
code for investing in solar PV systems.  Shouldn't be anything to guess
about here.

Someone should check further, either with a CPA familiar with or with the
IRS directly.

Further, should this topic be on RE Marketing list?  Scott Sklar is on RE
Marketing list and has responded on similar issue there in recent past,
involving tax credit, see archive reference to "Non-profits selling Tax
Credits?" thread...

Peter
asappower.com
1auinc.com

-----Original Message-----
From: Tom Lane [mailto:tom at ecs-solar.com]
Sent: Wednesday, June 21, 2006 6:42 AM
To: RE-wrenches at topica.com
Subject: Re: tax credit question [RE-wrenches]


NO the FEDERAL CREDITS  go only to the owner of the solar system
RESIDENTIAL OR COMMERCIAL  --there are hvac credits -  NON SOLAR that can go
to the builder -  NOT the owner  gator tom

----- Original Message -----
From: "Geoff Greenfield" <Geoff at Third-Sun.Com>
To: <RE-wrenches at topica.com>
Sent: Tuesday, June 20, 2006 11:55 AM
Subject: tax credit question [RE-wrenches]

Has anyone figured this out yet?

Can a homebuilder or developer install a system and take the full 30% (no
$2k cap) federal tax credit and then sell the completed home/condo to a
residential customer (who can, obviously, NOT take a TC)?

For a brighter energy future,

Geoff Greenfield
NABCEP Certified Energy Practitioner

THIRD SUN SOLAR & WIND POWER Ltd.
340 West State Street
Athens, OH 45701

www.third-sun.com
(740) 597-3111
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