Re: Roof Top Solar -Federal Tax Credit Question | <– Date –> <– Thread –> |
From: Katie Henry (katie-henryatt.net) | |
Date: Tue, 23 Nov 2021 09:45:56 -0800 (PST) |
We're having geothermal heat/AC installed, which is also eligible for the tax credit. The installer gave us a breakdown of how the system capacity is allocated by unit size (unit A = xx tons, unit B = yy tons, etc.). When construction is complete, the installer will provide each homeowner with a form to file with our taxes to claim our share of the tax credit. We're still figuring out how to handle the tax credit for the common house. My inclination would be to split it 36 ways between the homes, which the geothermal installer has done for other projects and is willing to do for us, but our tax guy says it will have to be claimed by the HOA. This is a bummer because the common house is considered a commercial space and the tax credit is at a lower rate - 10% instead of 26%. I feel like there is room for interpretation here. Will your solar system be servicing specific homes? Or just the common areas? If just common areas, you may bump into the commercial/residential issue as well. Katie HenryHeartwood Commons - Tulsa
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Roof Top Solar -Federal Tax Credit Question Jennifer McCarthy, November 22 2021
- Fwd: Roof Top Solar -Federal Tax Credit Question Jennifer McCarthy, November 23 2021
- Re: Roof Top Solar -Federal Tax Credit Question Katie Henry, November 23 2021
- Re: Roof Top Solar -Federal Tax Credit Question Sharon Villines, November 23 2021
- Re: Roof Top Solar -Federal Tax Credit Question Katie Henry, November 30 2021
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