Tax Changes Discussed at Solar Round Table

GSREIA Tax Discussion

GSREIA

The Alliance for Affordable Energy and the Gulf States Renewable Energy Industries Association (GSREIA) host their monthly solar round table event.

Jeff Cantin, Solar Alternatives President  and GSREIA Board Member, explained the changes to the renewable tax credit law, which will go into effect on January 20th, 2013.

The state credit is now capped at one system, or $12,500, total credit. No more multiple credits or sharing components.

  • Credit may be taken for each system type: solar PV, solar water heat, wind energy system.
  • Multifamily projects are still eligible per apartment.
  • Ground mount systems must start no higher than 8′.
  • Pool heat systems and “accessory systems” (attic fans, solar lighting, etc.) are no longer eligible.
  • Systems that do not meet these requirements must complete installation before January 20th 2013, and have documented proof (i.e. paid invoice or inspection reports etc.).

Check out this link: Solar Round Table 1/9/2013