[RE-wrenches] 2009 Federal Tax Credit Clarification

[Dave Click]

This may help, from a SEIA webinar in September. To answer your 
question: "It depends." (sorry!) See pages 13-15.
http://www.seia.org/galleries/pdf/SEIA%20Tax%20Basis%20Webinar%209%2024%2009%20%5BCompatibility%20Mode%5D.pdf


-------- Original Message --------
Subject: Re: [RE-wrenches] 2009 Federal Tax Credit Clarification
From: Windsun at wind-sun.com <windsun at wind-sun.com>
To: RE-wrenches <re-wrenches at lists.re-wrenches.org>
Date: 2009/11/2 11:32

> 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?
> 
> .................................................................................................. 
> 
> Northern Arizona Wind & Sun - Electricity From The Sun Since 1979
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