Hi Folks, I known most of us are not tax consultants, but I'm hoping someone has run into the issue before. I've been hunting around for an answer to a question a client has about utilizing the 30% *residential* solar tax credit, but have been unsuccessful at finding an answer, and was hoping that someone could either give a stab at it or direct me to someone who may know the answer. Here's the question:
If someone installs a system on the home in tax year 2016, but is unable to utilize the credit due to not enough or no tax liability for tax year 2016, I know they can roll the credit forward for 1 year (in other words they can spread the credit over 1 succeeding year past the tax year they first claim the credit for. What I'm not clear on is whether an individual needs to claim the tax credit starting in the year the system was commissioned, or if they can wait 1 or more tax years to claim the credit and then roll it forward the additional year from that date. So, someone installs and commissions a solar system on their home in November 2016 - can they choose to start taking the tax credit in tax year 2018 or 2019? I've read through lots of online resources both from the IRS and solar related resources, but have not found an answer to this question, so any help would be greatly appreciated. Thanks, Howie *Howie Michaelson* *NABCEP Certified Solar PV Installer™* Sun Catcher, LLC Renewable Energy Systems Sales and Service VT Solar Electric Incentive Partner 802-272-0004
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