How is the federal income tax credit treated; specifically does it also reduce Alternative Minimum Tax liability?
One Block Off the Grid does not give tax advice and you should always consult a tax professional regarding tax questions. That being said, according to the Solar Energy Industries of America, new legislation passed in October of 2008 “allows individual taxpayers to use the credit to offset AMT liability, and to carry unused credits forward to the next succeeding taxable year.” What I need to know, at this time, is do the estimators need to come inside one’s home for any reason… as opposed to just checking your roof, etc. The reason I ask is that that would make a difference in the time-line of having an estimate done. My home is presently a WRECK, and I don’t allow ANYONE in, unless I have time to deal with making it presentable to outsiders!? The solar consultant will need to see your electrical meter. Other than that you could go over your proposal and system design in an area other than your home.
