Re: [RE-wrenches] federal tax credit

[Jonathan Hill]

Can any say for sure if the cost of batteries qualifies for the fed tax credit? No one seems to have a clue. Jonathan Hill, senior system design engineer Sierra Solar Systems 563C Idaho Maryland Road Grass Valley, CA 95945 Celebrating our 31st year in solar! tech info and foreign orders:  (530) 273-6754  order line: (888) ON-SOLAR (US only)   FAX:  (530) 273-1760 e-mail:  <mailto:solar...@sierrasolar.com> world wide web:  <http://www.sierrasolar.com> Check out our 2 minute video at:  http://www.youtube.com/watch?v=WY-0UuabPEk Because of the high volume of e-mail to which I respond, please leave _all_ of the previous messages (unless it's unbearable) in   your reply so I can better remember your original message. On Nov 10, 2011, at 9:58 PM, toddc...@finestplanet.com wrote: Wrenches,   I got the following information from a customer who ran the federal tax credit by her accountant. As a double check... is this correct?   Thanks,   Todd     My accountant wrote: The taxpayer claiming the credit must be the owner of the home.  The value of these credits adjust basis for sale of home calculations.  The residency test for this credit is the same as what is used in determining ownership and exclusion of gain on the sale of a primary residence. The credit cannot be claimed on a commercial property, rental property or by a tenant, and the taxpayer claiming the credit must be the owner of the home which is being used as their primary residence. Sent from Finest Planet WebMail. _______________________________________________ List sponsored by Home Power magazine List Address: RE-wrenches@lists.re-wrenches.org 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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