On Mon, January 5, 2009 10:36 pm, Carl Adams wrote: > Peter has it exactly right. I just had a conversation with a local IRS > employee who's official job title is "Taxpayer Advocate"
Sorry for being obtuse - I can't quite figure this out. My quick take would be that if your marginal tax rate is greater than 30% you would want to take the rebate first then calculate the 30% tax credit, if less than 30% than calculate the credit on the full cost and treat the rebate as income. What am I missing? Thanks, Howie -- Howie Michaelson NABCEP Certified Solar PV Installer™ Sun Catcher, LLC Renewable Energy Systems Sales and Service VT Solar & Wind Incentive Program Partner http://www.SunCatcherVT.com (cell) 802-272-0004 (home) 802-439-6096 _______________________________________________ List sponsored by Home Power magazine List Address: RE-wrenches@lists.re-wrenches.org Options & settings: http://lists.re-wrenches.org/options.cgi/re-wrenches-re-wrenches.org List-Archive: http://lists.re-wrenches.org/pipermail/re-wrenches-re-wrenches.org List rules & etiquette: www.re-wrenches.org/etiquette.htm Check out participant bios: www.members.re-wrenches.org
