[RE-wrenches] carryforward unused residential tax credit

[Randy]

Hi Wrenches,
I read the SEIA interpretation of the new Economic stabilization Act
regarding the residential tax credit starting in 2009. It says that the
unused tax credit can be carried forward only ONE year!  My tax
accountant interpreted the complete opposite - that there is unlimited
carryforward years based on the tax regs.
 
Also, in the original tax guide published by SEIA in 2006, they
indicated that making an investment in multiple years may or may not be
eligible each year based on the legislative intent.  
 
Now that the bill has been extended for eight years and the cap lifted,
these issues are more important.
 
Can anyone confirm or clarify these statements? 
 
Thanks,
Randy
 
Randy Sadewic
randy at positiveenergysolar.com
NABCEP Certified PV Installer
Positive Energy, Inc.
Phone 505 424-1112
Cell 505 570-0137
Fax     505 424-1113
 
Enjoy the Sun!
 
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