Hi Wrenches,
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. Thanks, August
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