Solar installation Tax Credit

wbwood wrote:

larry barnhart wrote:
I do not want my money to help pay anybody's solar. They can do it on their paycheck.

chevman

Now you are opening a can of worms.....

And -
you and "dave54" are resurrecting a two month old - dead thread..:S

~

larry barnhart wrote:
I do not want my money to help pay anybody's solar. They can do it on their paycheck.

chevman

Now you are opening a can of worms.....

dave54 wrote:

Bumpyroad wrote:
is your RV your primary residence?
bumpy

Second homes do qualify. Cannot be a rental.

could you steer me to a reference. my tax gal sez no, at least on more efficient ACs,etc.
bumpy

Bumpyroad wrote:
is your RV your primary residence?
bumpy

Second homes do qualify. Cannot be a rental.

Thank you zach477.

I'd rather subsidize solar than oil and coal....

In the grand scheme of things there are far worse things that our tax dollars go to, imho, but I didn't start this thread to get into a politcal debate. It's not as if we'll change each other's minds. :)

larry barnhart wrote:
I do not want my money to help pay anybody's solar. They can do it on their paycheck.

chevman

I feel the same way about oil depletion allowances and exploration write offs but I don't own any oil wells so you could say I'm biased.

I believe the initiation of alternative energy tax credits and credits for upgrading residential energy saving measures was to make the US less dependent on foreign oil. If anyone took the time to accurately assess this "dependence", it would be shown to be just more smoke and mirrors from those that actually supply and produce our energy, AKA Big Oil.
They have set up this Straw man and reinforced the common belief that the US would be terribly effected by the withdrawal of Mideast crude. To a certain extent it's correct, only in that no new refineries have been built to process lesser grades of oil. It is a big expense. Nearly all of our Alaskan Slope crude goes to Asia and the Pacific rim. It is exchanged for vouchers for Mideast crude, for which Big Oil has refineries in operation. That is where most of this "dependence" lies.
Navigating through tax codes, govt legislation, and the morass of propaganda is not an easy task.

Well Larry, every homeowner that installs energy efficient windows, doors, or even a tankless water heater, gets a similar tax credit and I guess we all help. It's ok with me.

I do not want my money to help pay anybody's solar. They can do it on their paycheck.

chevman

Muddydogs wrote:

zach477 wrote:
How would Uncle Sam verify it?

Well there is a little known or talked about clause in the tax law that states that each solar panel has to have a data chip that collects charging info as well as a GPS sending unit to send the data to the solar panel control satellite where it is then downloaded to the IRS solar charging computer data base. This data is then compared to your tax return.

Careful, people might believe you.