Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can components of a system be shared and still be considered separate systems for purposes of earning the credit?

0
Posted

Can components of a system be shared and still be considered separate systems for purposes of earning the credit?

0

Generally, no. The credit is generally limited to the purchase and installation of complete systems. There are two exceptions to this general rule. • The first exception to the general rule allowing the credit only for complete systems for owners of a single unit in a multi family residence project can be found at LAC 61:I.1907(D)(1)(a). According to LAC 61:I.1907(D)(1)(a)(ii), “If a component of a wind or solar energy system is shared, documentation must be supplied dividing up the costs of the component between all those eligible for the credit.” • The Department of Revenue recently adopted a “safe harbor” provision as another exception in order to allow the use of shared inverters when two or more systems are being installed at the same time. However, any equipment added at a later date could not use existing system components and would have to have every element of a complete system in order to qualify for the credit.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123