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The tax credit can be carried back one year and forward 20 years.
Unless the credit is extended, it applies to systems placed in
service on any dwelling unit by Dec. 31, 2016.<br>
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<pre class="moz-signature" cols="72">Thank you,
Larry Crutcher
Starlight Solar Power Systems
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<div class="moz-cite-prefix">On 3/27/15 4:41 PM, August Goers wrote:<br>
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<p class="MsoNormal"><span
style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1f497d">Hi
Wrenches,</span></p>
<p class="MsoNormal"><span
style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1f497d"> </span></p>
<p class="MsoNormal"><span
style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1f497d">Since
we’re on the topic of the ITC, I have another question
someone might be able to help with. Assuming that a system
is placed into service prior to the end of 2016, it should
qualify for the 30% tax credit. Some people do not have
enough tax liability to take the whole credit in the same
year of the installation and I believe they typically have 5
years to take the credit. Do this apply to post-2016 as
well? In other words, if a system is placed into service in
2016 but the owner doesn’t have a tax appetite until
sometime after 2016, can they still take the tax credit
(within 5 years)? I’m assuming the answer is yes, but
thought some of you might be more versed in the tax code.</span></p>
<p class="MsoNormal"><span
style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1f497d"> </span></p>
<p class="MsoNormal"><span
style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1f497d">Thanks,</span></p>
<p class="MsoNormal"><span
style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1f497d"> </span></p>
<p class="MsoNormal"><span
style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1f497d">August</span></p>
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