[RE-wrenches] 2009 Federal Tax Credit Clarification

[Windsun@wind-sun.com]

With tax season coming up, we are getting inquiries about how the federal 
tax credit works.

My reading on what little info the IRS has is that the 30% credit can be 
taken only on your actual out of pocket expenses - that is, full cost of the 
system minus any other rebates, incentive, or grants.

But a few of our customers are telling us that they are being told by some 
that the full 30% credit applies no matter what other incentives they might 
get. That does not make sense to me, but I can find nothing on the IRS site 
or anyplace else that really addresses that issue.

Does anyone have some actual documented info on this?

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Northern Arizona Wind & Sun - Electricity From The Sun Since 1979
Solar Discussion Forum: http://www.wind-sun.com/ForumVB/
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