[RE-wrenches] Federal Tax Credit

[Jeff Oldham]

I think we can assume that the $1500 cap listed is a mistake. However, I seem to recall reading an early PR of the expected new laws and it said that you could take the FULL cost of system to calc the 30% and other incentives (State, City and Utility) would not be deducted allowing for a "double dip" in the incentives. Now I'm hearing that you must deduct these other incentives from your cost before applying the 30% fed. credit. I see nowhere on the Draft Form 5695 a place to list other incentives and to deduct them from the cost. 

Can anyone provide the definitive on this and/or links to documentation?

Thanks,

-jeff o

>From the Solar, Wind and Hydro powered office of Jeff Oldham/Regenerative SOLutions

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