[RE-wrenches] Tax credit question.

[Drake]

I have a customer that is interested in putting PV on a residential 
rental property.  Does this qualify?


At 08:31 AM 7/30/2013, you wrote:
>The obvious disclaimers of course apply to this message...
>
>The only time a customer would find out that they were "disallowed" 
>is if they are audited, right?
>
>Anyway, from the 5695 form sent out earlier, emphasis added:
>"Qualified solar electric property costs. Qualified solar electric 
>property costs are costs for property that uses solar energy to 
>generate electricity for use in your home located in the United 
>States. No costs relating to a solar panel or other property 
>installed as a roof (or portion thereof) will fail to qualify solely 
>because the property constitutes a structural component of the 
>structure on which it is installed. The home does not have to be 
>your main home."
>
>"Main home" appears to be an issue only for fuel cell installations 
>and Part II of the form (PV credit is in Part I).
>
>Home is defined as "A home is where you lived in 2012 and can 
>include a house, houseboat, mobile home, cooperative apartment, 
>condominium, and a manufactured home that conforms to Federal 
>Manufactured Home Construction and Safety Standards. "
>
>It sounds like the house in Jesse's situation would qualify. A tree 
>stand would not.
>
>
>On 2013/7/29 19:40, Larry Crutcher, Starlight Solar Power Systems wrote:
>>We install hundreds of RV power systems, as high as $18,000 cost, 
>>and tell all of our customers about the tax credit. Many have 
>>reported back that they were allowed the tax credit. No one has 
>>ever told me it was disallowed. Some customers are full time, some 
>>only use the RV occasionally.
>>
>>Larry
>>
>>On Jul 27, 2013, at 4:41 PM, Jesse Dahl 
>><<mailto:dahlsolar at gmail.com>dahlsolar at gmail.com> wrote:
>>
>>So, has anyone had a customer install a ITC eligible system on a 
>>second "residence" and claim the credit?
>>
>>Jesse
>>
>>
>>
>>
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