[RE-wrenches] Tax credits on expanded arrays?

[William Dorsett]

We have a number of people who were trying to be grandfathered in our old
net metering rates by installing systems with a few modules before our
hyper-conservative legislature decided to reduce payments for excess
generation to the cost of fuel (coal here) and then to double-down by adding
the threat of solar tariff. Some of these grandfathered families now want to
expand their systems. Under IRS rules, you can only take a 10% tax credit of
the cost to improve efficiency of your home one time in your lifetime. Does
the same "once in a lifetime" rule apply to the cost of expanding your PV
system? Thanks for your thoughts.

 

Bill Dorsett

Manhattan, KS  66502

 

785/539-1956  Office 

785/564-2583  Cell

 <mailto:wmdorsett at sbcglobal.net> wmdorsett at sbcglobal.net    

 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.re-wrenches.org/pipermail/re-wrenches-re-wrenches.org/attachments/20161209/2e6a6721/attachment-0002.html>