OK, So at the risk of beating a dead horse...
The previous thread on tax credits and incentives stated that if a taxpayer's marginal tax rate is lower than 30% they would do better to claim the incentive-reduced cost of the system for calculating the ITC, and thereby not pay tax on the incentive money. If their rate is above 30% then do the opposite. This confused me, because my thinking, that seemed backward. Now this Berkeley Lab study http://eetd.lbl.gov/ea/emp/cases/res-itc-report.pdf that was referenced in a Renewable Energy World article noted in the Marketing thread, seems to clearly state what I was thinking. Am I just being thick or missing something, or is it correct that if one's marginal rate is less than 30%, take the ITC on the whole system cost and pay tax on the incentive money? 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: [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
