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Home Forums General Discussion US Government lied about the tax credits!

This topic contains 1 reply, has 2 voices, and was last updated by  Iron Edison 6 years, 4 months ago.

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  • #36795

    turbodog2011
    Member

    Just did my taxes for 2010, I took advantage of the 30% tax credits for both solar and biomass. The $1500 cap biomass credit, is DEDUCTED from your solar credit vice added to for a total. ARE YOU KIDDING ME? This was nowhere in the info i read ahead of time.

    #41276

    Iron Edison
    Participant

    Wait a second, can you explain that a little more? I have helped people to get their full tax credits, and it sounds like you are over-calculating.

    You should be able to deduct 30% of the system cost from your total tax liability. This is a straight forward deduction. I got my 30% for the efficiency upgrades I did – took it right off the bottom line.

    Check out the gov’t website on tax credits: http://www.dsireusa.org/

    Good luck, my friend, good luck!

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