[RE-wrenches] more on tax credits

[Peter Parrish]

Howie, you need to write down two simple algebraic expressions each one
describing how one arrives at the net cost to the consumer. Then compare the
two equations to see which is the lesser of the two. - Peter


Peter T. Parrish, Ph.D., President
California Solar Engineering, Inc.
820 Cynthia Ave., Los Angeles, CA 90065
Ph 323-258-8883, Mobile 323-839-6108, Fax 323-258-8885
CA Lic. 854779, NABCEP Cert. 031806-26
peter.parrish at calsolareng.com 

-----Original Message-----
From: re-wrenches-bounces at lists.re-wrenches.org
[mailto:re-wrenches-bounces at lists.re-wrenches.org] On Behalf Of Howie
Michaelson
Sent: Tuesday, January 06, 2009 11:35 AM
To: RE-wrenches
Subject: [RE-wrenches] more on tax credits

On Mon, January 5, 2009 10:36 pm, Carl Adams wrote:
> Peter has it exactly right.  I just had a conversation with a local IRS
> employee who's official job title is "Taxpayer Advocate"

Sorry for being obtuse - I can't quite figure this out.  My quick take
would be that if your marginal tax rate is greater than 30% you would want
to take the rebate first then calculate the 30% tax credit, if less than
30% than calculate the credit on the full cost and treat the rebate as
income.  What am I missing?

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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