[RE-wrenches] RE-wrenches Residential ITC question

[North Texas Renewable Energy Inc]

In spite of the fact that the Emergency Economic Stabilization Act of 2008,  has passed, certain indignant Congress members, in the name of good financial management, are recommending cuts in these "pork" bills added to the bailout. This is because the economy is going into hard times (they still won't call it a recession) and something must be done to help offset all this deficit spending.  
One NPR (Marketplace) announcer called the RE tax credit a "Christmas ornament". The counterpoint was that much of the "pork" was tax credits that were going to benefit "main street" and not "wall street". 
Mama used to tell me, "don't count your chickens before they're hatched".
Jim Duncan
North Texas Renewable Energy Inc
817.917.0527
ntrei at earthlink.net
www.ntrei.com 


----- Original Message ----- 
From: "Howie Michaelson" <howie at suncatchervt.com>
To: <re-wrenches at lists.re-wrenches.org>
Sent: Friday, October 03, 2008 4:17 PM
Subject: [RE-wrenches] Residential ITC question


Hi All,

Does anyone know definitively whether the residential tax credit extension
with no cap on the 30% is effectively immediately or on January 1, 2009?

Thanks,
Howie
-- 
Howie Michaelson
NABCEP Certified Solar PV InstallerT

Sun Catcher, LLC
Renewable Energy Systems Sales and Service
VT Solar & Wind Incentive Program Partner
http://www.SunCatcherVT.com
(cell) 802-272-0004
(home) 802-439-6096
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