Howie, you need to write down two simple algebraic expressions each one describing how one arrives at the net cost to the consumer. Then compare the two equations to see which is the lesser of the two. - Peter
Peter T. Parrish, Ph.D., President California Solar Engineering, Inc. 820 Cynthia Ave., Los Angeles, CA 90065 Ph 323-258-8883, Mobile 323-839-6108, Fax 323-258-8885 CA Lic. 854779, NABCEP Cert. 031806-26 [email protected] -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Howie Michaelson Sent: Tuesday, January 06, 2009 11:35 AM To: RE-wrenches Subject: [RE-wrenches] more on tax credits 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 InstallerT 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: [email protected] 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 _______________________________________________ List sponsored by Home Power magazine List Address: [email protected] 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
