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Mbostrider t1_jd6hn65 wrote

Reply to comment by SirMontego in Question about solar panel tax rebate by Ok_Translator_7026

Characterizing this conversation as borderline malpractice seems like a pretty extreme viewpoint. Since, we are not in the same room as OP, we fill in the blanks and provide reddit advice which is inherently risky. Consider the comments, and use your own best judgment on how to proceed (decide on your own, pay for advice, etc).

My goals are to consider my audience when communicating and to help point OP in the right direction. A bunch of accurate legal jargon typically muddies the waters for the average person. The rest of this back and forth is just noise.

Getting back to OP’s question … OP wants to better understand when the credit should be claimed.

Assuming… residential, not business, new system, not substantial home construction/reconstruction. Seems pretty straightforward a system should be in service (which is when it is complete) to claim the credit.

Abbreviated (i am on my phone) IRC code sections for my feisty friend:

Allowance of a credit for an individual, qualified solar electric property expenditures IRC 25D(a)1

Applicable percentage in the case of property placed in service after 12/31/21 and before 1/1/33 is 30% IRC 25D(g)(3)

An expenditure shall be treated as made when the original installation of the item is completed 25D(e)(8)

There isn’t any real controversy here.

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SirMontego t1_jd6lqb3 wrote

>Seems pretty straightforward a system should be in service (which is when it is complete) to claim the credit.

You are telling OP to take a position that is contrary to the law. Worse, you aren't even explaining why. That is malpractice.

The law and at least five IRS documents say something consistent with "when the original installation of the item is completed." The only controversy here is whether you understand the law.

You obviously didn't even read the IRS form 5695 instructions before your first comment, you obviously didn't read the law before I pointed it out to you, you obviously haven't read any IRS guidance on IRC section 25D, and you most certainly haven't read and IRS Private letter rulings on IRC Section 25D either.

Yet, for some reason, you think you are qualified to provide an answer on what the law says. You are not qualified. Not surprisingly, you are wrong.

Conversely, I have read all of those documents and I have provided numerous quotes for which for OP may rely upon: https://www.reddit.com/r/massachusetts/comments/11x00fg/comment/jd22ymk/?utm_source=share&utm_medium=web2x&context=3

You haven't cited a single thing to support your words.

You may also want to consider my clairvoyance: "whenever I tell people about the law, someone else inevitably comes along and is quite adamant that the test is when the system is "placed in service.""

Anyone who takes advice about the law from someone like you who hasn't even read the law before posting is a fool.

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Mbostrider t1_jd7muav wrote

This is noise. The condescending language clearly demonstrates your need to feel right.

I don’t see anything here that is a reasonable answer to OP’s question: when can OP claim the credit (2022 or 2023).

  • Nothing on how the project drug to this month.
  • Nothing on when a credit should be claimed for OP.
  • Nothing on how OP can decide “this point” is when it is appropriate to claim credit

How could any this be right?

This is just noise.

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SirMontego t1_jd8efh6 wrote

You are telling OP that the installation completion date and the in service date are the same thing. Yet, you have zero support for that. You haven't cited a single thing.

If OP follows your advice, gets audited, and the IRS says the installation date is different because the law says so, what do you expect OP to cite to prevent getting hit with a 20% penalty?

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