[RE-wrenches] 30% tax credit

[SOLARPRO at aol.com]

Karl et.al.
We are still uncertain as to the date of effectiveness for the various  
sweeteners included in the Bill - 
this from CalSeia =
"...........HR 1424  and found this provision that I know you will all want 
to know in  black-and-white terms:
 
(f) (2) SOLAR ELECTRIC PROPERTY LIMITATION.—The amendments made by  
subsection (b) shall apply to taxable years beginning after December 31,  2008."

It would make sense that the sweeping urgency which propelled this Rescue  
Plan through Congress and over to the President's Desk was not also shared by  
the 'earmarks.'  Also note the reference to 'solar  electric.,'   I do not 
believe the cap for res thermal was  lifted.  

Patrick Redgate
Ameco Solar 




In a message dated 10/5/2008 12:43:22 P.M. Pacific Daylight  Time, 
karl at northwindrenewable.com writes:
Does anyone know if the uncapped  30% is good for solar thermal as well?  
I've seen various languages,  but don't know which one was the final one 
passed.  I've seen no cap,  and 30% of system up to $4000, and uncapped 
for PV, but hasn't been  specified for thermal .

apparently all the provisions of the bill went  into effect friday, when 
the bill was signed.  understandable for the  wall street portions, 
unexpected benefit to us, is it went into effect  immediately, any system 
not installed will  benefit.

Karl

Mendocino Solar Service wrote:
> Hi  Folks,
>
> What are people saying (or not saying) to signed or  potential 
> residential customers who could benefit from waiting until  January to 
> get the un-capped 30% tax credit? Could we see all our jobs  for the 
> next three months on hold? (I'm assuming the cap ends Jan.  1)
>
> Bruce Erickson
> Mendocino Solar Service
>  707-937-1701
> 707-937-1741 fax
> PO Box 1252
> Mendocino, CA  95460
>  
>
>
> "Serving the Solar  System"
>   

-- 
Karl Schwingel
NABCEP Certified  Solar Thermal Installer
NorthWind Renewable Energy LLC

PO Box 723  Stevens Point, WI 54481
Karl at Northwindre.com
Cell: 715 209 0446
Fax :  715 952 4501






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