Thanks, David! That's exactly what I needed. Dana
Dana Brandt Ecotech Energy Systems, LLC www.ecotechenergy.com [email protected] 360.510.0433 On Wed, Sep 30, 2009 at 12:34 PM, David Brearley < [email protected]> wrote: > Dana, > > Here is an excerpt from the latest SEIA tax manual that supports the > information from Randy: > > “1.6.2 Basis Reduction—The owner of solar equipment on which an investment > credit is claimed or on which a cash grant is paid by the Treasury can > depreciate only 85 percent of the cost. The ‘basis’ for depreciation must be > reduced by half the amount of the investment credit or cash grant.” > > Best regards, > > David Brearley, Senior Technical Editor > *SolarPro* magazine > NABCEP Certified PV Installer ™ > > > On 9/30/09 2:11 PM, "Dana Brandt" <[email protected]> wrote: > > Thanks, Randy. Do you have a reference for the depreciable basis being > reduced by half the tax credit? I've emailed the treasury dept. and will > report back what I hear from them. > > Dana > > > Dana Brandt > Ecotech Energy Systems, LLC > www.ecotechenergy.com <http://www.ecotechenergy.com> > [email protected] > 360.510.0433 > > > On Tue, Sep 29, 2009 at 8:39 PM, Randy <[email protected]> > wrote: > > Dana, > > Federal depreciation rules establish depreciation or the depreciable basis > based on the system cost reduced by half of the tax credit. The federal > grant is “in lieu” of the tax credit therefore I am fairly certain that > treatment should be the same as taking the tax credit. > > > > However, I couldn’t readily find a definitive answer and it was not covered > in the SEIA webinar. If you cant get an affirmative response then email the > treasury department at [email protected]. > > > > Randy > > > > Randy Sadewic > > Positive Energy > > > > Office: 505 424-1112 > > Cell: 505 570-0137 > > *From:* [email protected] [ > mailto:[email protected]<[email protected]>] > *On Behalf Of *Dana Brandt > *Sent:* Tuesday, September 29, 2009 5:33 PM > *To:* RE-wrenches > *Subject:* [RE-wrenches] does the federal grant affect depreciation? > > > > Wrenches, > > I feel like this must have been discussed before, but I can't find it in > the archives. > > If a business takes the 30% federal grant, do they get to depreciate 100% > of the system cost, or just the remaining 70%? > > Thanks, > > Dana > > > Dana Brandt > Ecotech Energy Systems, LLC > www.ecotechenergy.com <http://www.ecotechenergy.com> > [email protected] > 360.510.0433 > > _______________________________________________ > > > > > > > > _______________________________________________ > 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 > > >
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