PV tax credit for homeowner associations [RE-wrenches]

[Randy Sadewic]

Wrenches,
I have a question about federal tax credit for PV installed on homeowner
association buildings.  I read the SEIA guide that explains that and the
specific requirements but the interpretation is unclear. My question has
to do with the tax credit limit of $2,000. Is that set based on each
home owner or based on each system?  In other words if a HOA installed a
$50,000 system distributed amongst 10 homeowners, can each person claim
$5,000 investment and $1,500 credit, or is the $2,000 credit distributed
between the 10 homeowners?
 
Thanks in advance.
 
Randy
 
Randy Sadewic
randy at positiveenergysolar.com
NABCEP Certified PV Installer
Positive Energy, Inc.
Phone 505 424-1112
Fax     505 424-1113
 
Enjoy the Sun!
 

[Non-text portions of this message have been removed]


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