30% Solar Tax Credit To Be Extended

[jamesdh1gley]

I’m hoping you might be able to help me understand the change that took place with the ITC policy for solar. With the extension stated was that you can now claim the ITC in the year construction has started. From what I can see this change took place on the enactment date, December 18^th 2015. My question for this is when do you have to be the owner of the project to claim the ITC? In the past you could purchase the project before it reached “place in operation” to claim the ITC. Do you now need to own the project before construction starts to claim the ITC? Secondly for projects that were already under construction before this policy change took place and not going to be completed by 2015, can you now claim the ITC in 2015, or does this only apply to projects which started construction between December 18^th and December 31^st for 2015? I appreciate your help and any insight you can give.

I'd also like clarification here, thanks!

[J.P.M.]

Thanks. There is a basement, and currently the plumbing is all pvc pitched so there are only a few valves needed. I drain them and of course the storage tank each time, and it only takes a few minutes.

Just checking. Stay warm.

Regards,

[Living Large]

As you probably are well aware, watch for frozen water/liquid lines.
Happy New Year.

Thanks. There is a basement, and currently the plumbing is all pvc pitched so there are only a few valves needed. I drain them and of course the storage tank each time, and it only takes a few minutes.

[J.P.M.]

Good question. I was up a week before Christmas, stayed over to attend an HOA meeting and plead for them to repair 220' of the muddy HOA road so I can build a path off the end of it to put the last pole in.

Lake effect snow of 9" that night, and my unplowed road is 4000' long. I shoveled two tracks to the road, and I hit it and thought I was fine. However, the bumper cover caused a curtain of snow to rise up the windshield. If I slowed down enough to stop that, I would have bogged down. So I alternated between bogging and risking going off the road. Off the road there is not pleasant, and getting stuck would have been extremely inconvenient with no cell phone and no neighbors and a dog with short legs. Luckily the road is fairly straight. There were multi-second periods where I simply couldn't see. That lake effect snow is pretty lightweight - I'll give it that.

They turned down my request to fix their own road, AND my offer to give them an interest free loan. I'm not eager to return to the snow. I think they got more lake effect last night. It's been nice that the beginning of winter hasn't been bad.

I've used a lot of RV anti-freeze, because I've gone up 3 or 4 times and it has been freezing in between. Has a propane stove which does a good job, but I wouldn't leave it on and the temp setting doesn't go under around 55. I'd blow the whole tank before I got back.

I'm really glad I'm not going with solar!!!

As you probably are well aware, watch for frozen water/liquid lines.
Happy New Year.

[Living Large]

You froze up yet ?

Good question. I was up a week before Christmas, stayed over to attend an HOA meeting and plead for them to repair 220' of the muddy HOA road so I can build a path off the end of it to put the last pole in.

Lake effect snow of 9" that night, and my unplowed road is 4000' long. I shoveled two tracks to the road, and I hit it and thought I was fine. However, the bumper cover caused a curtain of snow to rise up the windshield. If I slowed down enough to stop that, I would have bogged down. So I alternated between bogging and risking going off the road. Off the road there is not pleasant, and getting stuck would have been extremely inconvenient with no cell phone and no neighbors and a dog with short legs. Luckily the road is fairly straight. There were multi-second periods where I simply couldn't see. That lake effect snow is pretty lightweight - I'll give it that.

They turned down my request to fix their own road, AND my offer to give them an interest free loan. I'm not eager to return to the snow. I think they got more lake effect last night. It's been nice that the beginning of winter hasn't been bad.

I've used a lot of RV anti-freeze, because I've gone up 3 or 4 times and it has been freezing in between. Has a propane stove which does a good job, but I wouldn't leave it on and the temp setting doesn't go under around 55. I'd blow the whole tank before I got back.

I'm really glad I'm not going with solar!!!

[J.P.M.]

I heard this morning, unconfirmed, that the administration pushed hard for extending funding for programs like this as part of its commitment to reducing our contribution to GW. The claim was made that when Obama came into office, about 2% of our energy came from renewables, and by 2020 it is forecast to be 10%.

Let the flaming begin!

You froze up yet ?

[Living Large]

I heard this morning, unconfirmed, that the administration pushed hard for extending funding for programs like this as part of its commitment to reducing our contribution to GW. The claim was made that when Obama came into office, about 2% of our energy came from renewables, and by 2020 it is forecast to be 10%.

Let the flaming begin!

[boulter]

Anybody have an idea if this means that the tax credits can be definitively carried over beyond 2016?

[rollug]

You have lucky to have such good goverment and parlament to help expanding it. In Europe it isn't.

[Stiffmeister]

Make room for me. With the extension and California utility companies trying to change the regulations, this is THE year to jump on solar

[solar pete]

One can only hope

As far the ITC extension, I was very pleasantly surprised to see that happen. I really thought the utility cartel in this country would kill it. This is great news not only for the solar industry, but for consumers across the country who want to go solar, whether it be for environment reasons, cost-saving reasons, or both. Billionaires are usually the recipients of these tax advantages. Its about time the average homeowner gets a seat at that table

Big Plus 1 on that one

[J.P.M.]

One can only hope

As far the ITC extension, I was very pleasantly surprised to see that happen. I really thought the utility cartel in this country would kill it. This is great news not only for the solar industry, but for consumers across the country who want to go solar, whether it be for environment reasons, cost-saving reasons, or both. Billionaires are usually the recipients of these tax advantages. Its about time the average homeowner gets a seat at that table

I bought back into the solar market and got a new seat at the table about a week ago after bailing last spring. We'll see what happens.

[kevcor620]

Huh? Trump is no Republican. The secret is he is getting Billary elected. That is the only reason he is running. He will pull out of the GOP race and run as an independent which will Guarantee a Billary win.So easy to see.

One can only hope

As far the ITC extension, I was very pleasantly surprised to see that happen. I really thought the utility cartel in this country would kill it. This is great news not only for the solar industry, but for consumers across the country who want to go solar, whether it be for environment reasons, cost-saving reasons, or both. Billionaires are usually the recipients of these tax advantages. Its about time the average homeowner gets a seat at that table

[krt5109]

I’m hoping you might be able to help me understand the change that took place with the ITC policy for solar. With the extension stated was that you can now claim the ITC in the year construction has started. From what I can see this change took place on the enactment date, December 18^th 2015. My question for this is when do you have to be the owner of the project to claim the ITC? In the past you could purchase the project before it reached “place in operation” to claim the ITC. Do you now need to own the project before construction starts to claim the ITC? Secondly for projects that were already under construction before this policy change took place and not going to be completed by 2015, can you now claim the ITC in 2015, or does this only apply to projects which started construction between December 18^th and December 31^st for 2015? I appreciate your help and any insight you can give.

[ndiakon]

I hope they will extend it. I just learned about solar and trying to decide if I should do it. Probably won't happen till the end of 2016 ;(((