Wrenches, Kirk As it was told to me, commercial under contract in 19 is good for 19, no contract then no good and resi well that is a slippery slope and I always tell my customer to talk to their accountant as they are the ones being paid and signing off on the taxes. Your customer needs to verify with his guy on what can be done and not you, that is unless you are a licensed tax service provider.
On Sun, Apr 19, 2020 at 4:33 PM Kirk Herander <vtso...@icloud.com> wrote: > Hello, > I am trying to wrap my head around the wind tax credit 2019 vs. 2020 and > as it relates to my customers situation in concert with PV. > I am in the middle of designing an off-grid power system, battery/inverter > etc. My customer has contracted separately for a 30kw wind generator. They > told me they have taken a 30% tax credit for the wind generator in 2019, > even though only the foundation is in at this point, and the 2019 wind > credit rules allow this as long as it is operational in the next 5 years. I > don't know if this accurate, since they are several degrees removed from > their tax advisors. > Enter 2020. The wind credit is now under the same rules as the PV credit, > I do believe, and is 26% this year. I have suggested that PV be added to > the battery/inverter system so it can be eligible for the 2020 26% credit > along with the PV. This brings down the cost significantly. So questions > remain: > 1) are the power components already eligible under the 2019 wind energy > tax credit? Nothing has been contracted for yet in 2020. > 2) if the answer to 1) is yes, then PV is not required to have the > additional components covered under the tax credits, unless the components > are not considered related to the wind credit since they weren't claimed in > 2019. > 3) if the answer to 1) is no, then we need PV to claim the 26% credit for > battery/inverters in 2020. > > I don't expect to find any tax experts on this list, but perhaps some > light could be shed nevertheless. This is somewhat unique, and I can't find > much guidance on it online. Thanks. > > > _______________________________________________ > List sponsored by Redwood Alliance > > List Address: RE-wrenches@lists.re-wrenches.org > > Change listserver email address & settings: > http://lists.re-wrenches.org/options.cgi/re-wrenches-re-wrenches.org > > List-Archive: > http://www.mail-archive.com/re-wrenches@lists.re-wrenches.org/maillist.html > > List rules & etiquette: > www.re-wrenches.org/etiquette.htm > > Check out or update participant bios: > www.members.re-wrenches.org > >
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