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Guys,
I live in PA and just embarked on putting solar on our roof. We just signed a contract for an 8.8Kw system.
When doing some research I stumbled on your site and appreciate the content.
I think the section that talks about the Federal and State Credits or rebates may be wrong. Your info states that the 30% Federal credit is taken after your local states rebate or credit program. In fact the Federal Rebate is always taken off the whole cost of the system.
Example:
System Cost: $65,000
Federal Rebate: $19,500
State Rebate: $19,800
Net Cost: $25,700
I think you do however have to count the $19,800 State rebate as taxable income.
http://seia.org/galleries/pdf/SEIATaxManual_v3-0_FAQ.pdf
Thanks,
Joe
sutojl@verizon.net
Joseph, thanks for commenting, but from what I just read from that same document, I think we’re right. You may have been reading about the commercial ITC.
What leads me to beloeve that we’re calculating correctly is this passage here from the same document:
“A rebate received by a homeowner in a residential context usually does not have to be reported as
income when the rebate is received from the local utility. A homeowner who does not report the
rebate as income takes a “tax basis” in solar equipment equal to the net amount he paid. In other
words, if the solar equipment has a gross cost of $20,000, but a rebate from the local utility pays
$2,000, then his tax basis in the equipment for purposes of calculating the residential tax credit is
$18,000.”
Again, we’re not tax experts, so perhaps we’re mis-interpreting, but …that’s the part we’re going by and a lot of solar software calculators calculate it the same way, after deducting the rebate. Also, I believe as of this writing in September 2009, the IRS has yet to specifically give guidance about residential. Best thing to do is consult your tax person. One way or another, it’s going to be good for you and good for solar. It’s just a question of HOW good.
Thanks for commenting and any way you look at it, your rock, Joseph, for going solar!
Does this mean the $15,000 rebate in NY is no longer available? Applications had to be in by May? NYS Renewable Portfolio Standard Customer Sited Tier Fuel Cell Program Incentive Summary
Available Funding Through 12/31/2009(applications must be received by 5/29/2009, contracts must be executed by 12/31/2009):
Not sure about fuel cells, but I do know that solar rebates are still on until funding runs out or December 31st, 2009, whichever comes first.
Hey Guys, I’m looking to get into the solar field. I’m trying to find legit reviews on some schools/training that I’ve found. I see that Solar Fred mentions 2 in his bio. Are either/both of these worth the $$. Some of the schools aren’t cheep ($3400 for 6 days) while others offer for less (under $1000 for 5 days).
Can anyone help?
I love this website, I am an installer how do i get on your list to give free quotes?
John,
We are currently not accepting any more installers, but we will keep your contact info on file when that changes. Could be soon, but rest assured, you’re in our database. Thanks for visiting.
looking to understand consumers energy incentives for solar. have not been able to find a lot on the desire site, thought you may have the knowledge. Great job on the site and spreading the word about renewables.
[...] ArticlesRSS FeedSolar FAQShirts and stuffYour Solar Bill of RightsContact usAbout Us:Our MissionTor a.k.a. "Solar Fred"Dan Hahn Dave Llorens State Solar Power Rebates, Incentives, and Tax [...]
GREAT web-site
I wonder if there is an info source that gives basic, obvious, installer info.
For instance, if there is a parapet surrounding flat roofs ( such as typical new mexico roofs,,,), that rule of thumb is 2 feet away from the edge to install solar panels…
Something that has basic installer/designer rules?????
Thanx guys… S. Fred— keep it up
Tor, I’ve really enjoyed your posts on SolarFred.com and SPR.com. I think your ideas on sales and marketing for solar installers are spot on and the companies you help will meet great success. Although we haven’t directly worked with you, our company has followed your posts and have incorporated a lot of the ideas you’ve talked about. Hopefully, as our business grows, we can contract your company for some personalized consulting. Great work so far!
Thanks so much, BS Solar! Glad I can help, and hope you continue to get more solar on roofs! For more solar marketing posts, check out my blog posts on RenewableEnergyWorld.com at http://www.renewableenergyworld.com/rea/u/SolarFred/blog.
Thanks,
Tor/Solar Fred
Can anyone give me an idea of the going sales price per watt range for an AC solar power system including top tier chinese panels and Enphase microinverter on a composite shingle roof in Texas? e-mail address gak0927@aol.com
That was a very nice article you wrote about Heather Andrews. I never met her but would have liked to. You made her sound very special, which I’m sure she was.
Thanks Tor, I think your probably a special person also your articles and comments always seem to be coming from a person who loves what he’s doing. It’s hard to find that in life. You’re lucky as we are for being the recipient of your work.
Carl Kennedy
carlekennedy@gmail.com
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