userjill
Level 2
11-24-2021
03:21 PM
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Currently, the 5695 is only generating a 26% credit, although I did indicate that this was construction that commenced prior to 2020.
7 Comments 7
George4Tacks
Level 15
11-24-2021
04:11 PM
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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
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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.