userjill
Level 2
11-24-2021
03:21 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Currently, the 5695 is only generating a 26% credit, although I did indicate that this was construction that commenced prior to 2020.
Labels
George4Tacks
Level 15
11-24-2021
04:11 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The credit is based upon the date placed in service, i.e. when the power company says it is okay to connect to the grid. It is NOT when it started.
Here's wishing you many Happy Returns
userjill
Level 2
11-24-2021
04:30 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Please see this guidance put out by the U.S. Department of Energy. It states that if construction began prior to 2020 and it was put in service prior to 2024, the credit is 30%.
My entity falls within these guidelines.
rebecca.hamstra
Level 2
05-15-2023
10:06 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
my client falls within these guidelines but ProConnect won't let me enter the information except as an override. What am I missing?
rebecca.hamstra
Level 2
05-15-2023
10:10 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Now it went in so please disregard my previous message.
Thanks
George4Tacks
Level 15
05-15-2023
10:51 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I do ignore exceptionally well. Thank you for allowing me to use my special skill.
Here's wishing you many Happy Returns