Hi All, I know this question has gone around quite a bit before, but somehow I can't find the discussion in the archives. What are folks experience with having the tax basis for the 30% tax credit (either residential or commercial) incorporate some of the cost of a building that was built specifically (in part) to hold a solar array (e.g. a farm shed that is designed and built to hold the array, but houses farm equipment as well) instead of putting in a ground mount. I thought it was acceptable to claim as part of the tax credit basis the portion of the building cost that would have been used on the alternate racking system. Here is an excerpt from "SEIA Guide to Federal Tax Incentives for Solar Energy Version 1.2" which could be read as supporting this position:
________________________________________________ 4. Tax Credit Basis The tax credit basis is the value of the property that you use when calculating the amount of the credit. Item 3 in the discussion of the commercial tax credit contains a definition of the tax credit basis for companies. For residential systems, it appears that the majority of direct contractor labor costs to install the equipment are included in the tax credit basis. (This includes site preparation, assembly and original installation, and piping or wiring work to connect the equipment to the individual's home.) When there is spending on work tied both to solar equipment and to other construction -- for example, where the solar equipment is being installed during construction of a new building, the construction costs will have to be allocated according to each activity. ________________________________________________________________ Thanks, Howie -- Howie Michaelson NABCEP Certified Solar PV Installer Catamount Solar, LLC Renewable Energy Systems Sales and Service VT Solar Electric & Hot Water Incentive Partner http://www.CatamountSolar.com 802-272-0004 _______________________________________________ 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
