[RE-wrenches] more on tax credits

[Geoff Greenfield]

never ever is it simple in IRS-ville.  



In some cases you can take it either way (depending on the source of the funds of the grant).  SEIA membership is important for MANY reasons (the ITC extension for one).  They have a great resource on their members only website.   Another great resource is Lawrence Berkley National Labs. 





For a brighter energy future, 

Geoff Greenfield 
President 
Third Sun Solar & Wind Power Ltd. 
340 West State Street, Unit 25 
Athens, OH 45701 

740.597.3111     Fax 740.597.1548 
www.Third-Sun.com 

Clean Energy - Expertly Installed 






----- "Kirpal Khalsa" <solarworks at gmail.com> wrote: 
> Nik......we have been operating under the assumption that the total cost is used......however.........you or your customer will need to pay federal taxes on any state incentives whether they be rebates or tax credits......luckily you dont have to pay federal taxes on your federal tax credit!.....The state incentives are viewed by the feds as income so they will be taxed at the customers going tax rate..... 
> 
> That is our understanding within our company...... 
> 

> -- 
> Sunny Regards, 
> Kirpal Khalsa 
> NABCEP Certified Solar PV Installer 
> Renewable Energy Systems 
> 
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