[RE-wrenches] Investment Tax Credit & SEIA

[Conrad Geyser]

Hi Peter,

 

1)       Only the DOT grant alternative to the ITC is due to expire. SEIA is
pushing for an extension.  I couldn't be more impressed by this organization
and would strongly encourage everyone in this industry to join.  There are
varying levels of membership and it costs some money but it is well worth
it.  They are very active in Washington and keep members updated with
webinars on legislation, accounting, tax issues, etc.

2)       Yes!

 

Perhaps Michael can see the accounting / economics as part of the
mechanics..   : >

 

Conrad

Cotuit Solar

 

  _____  

From: re-wrenches-bounces at lists.re-wrenches.org
[mailto:re-wrenches-bounces at lists.re-wrenches.org] On Behalf Of Peter
Parrish
Sent: Thursday, January 14, 2010 11:43 AM
To: 'RE-wrenches'
Subject: [RE-wrenches] Investment Tax Credit

 

I have two questions about the Investment tax Credit (ITC). 

 

(1)     I understand that it has an expiration date of December 31, 2010. If
this is true, is it probable that it will be extended for another year or
more? Asked another way, what are the chances that it will be allowed to
expire?

(2)     Is it true that the project must only be started (e.g. installation
actually started) before the end of the year to qualify?

 

If this post should be on the Marketing list, I apologize in advance!

 

- Peter

 

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


 

 

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