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Solar Renewable Energy Credits

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Posted by ABLE1 on November 4, 2010, 12:40 am
 
A hypothetical questions:

Assume that I have a friend that has a new solar array installed with a
total of 90 panels.  It is a 20kw system. He indicates that he is projected
to get 25 sREC's per??  Solar Renewable Energy Credits

Is there a market??

What is there value range??

Who would be the buyer(s)??

What does it take to broker these sREC's??

Looking for some insight on this REC thing.  If this is the wrong place to
ask the above please let me know.  And if there is a better site or forum
for these questions I would appreciate on knowing that as well.

Thanks in advance.

Les







Posted by Josepi on November 4, 2010, 1:48 am
 
Is this in Spain?


A hypothetical questions:

Assume that I have a friend that has a new solar array installed with a
total of 90 panels.  It is a 20kw system. He indicates that he is projected
to get 25 sREC's per??  Solar Renewable Energy Credits

Is there a market??

What is there value range??

Who would be the buyer(s)??

What does it take to broker these sREC's??

Looking for some insight on this REC thing.  If this is the wrong place to
ask the above please let me know.  And if there is a better site or forum
for these questions I would appreciate on knowing that as well.

Thanks in advance.

Les









Posted by ABLE1 on November 4, 2010, 2:27 am
 

No it is not in Spain..................

North East U.S.


Thanks for asking.

Les





Posted by Josepi on November 4, 2010, 3:37 am
 Usenet is international. Many have never heard your terms before.




No it is not in Spain..................

North East U.S.


Thanks for asking.







Posted by T. Keating on November 4, 2010, 1:21 pm
 On Wed, 3 Nov 2010 22:27:31 -0400, "ABLE1"


http://www.irs.gov/newsroom/article/0,,id 7051,00.html

One should also check out the actual Form you must file to claim the
tax credits..

http://www.irs.gov/pub/irs-pdf/f5695.pdf


"Residential Energy Efficient Property Credit
You may be able to take a credit of 30% of your costs of qualified
solar electric property, solar water heating property, small wind
energy property, geothermal heat pump property, and fuel cell
property. This includes labor costs properly allocable to the onsite
preparation, assembly, or original installation of the property and
for piping or wiring  to interconnect such property to the home. The
credit amount for costs  paid for qualified fuel cell property is
limited to $00  for each one-half  kilowatt of capacity of the
property."

"Qualified solar electric property costs. Qualified solar electric
property costs are costs for property that uses solar energy to
generate electricity for use in your home located in the United
States. This includes costs relating to a solar panel or other
property installed as a roof or a portion of a roof. The home does not
have to be your main home."

To me mounting on a roof is a huge drawback..  Fixed panel mounting on
roof is a low yield solution. First it compromises roofing system(new
roof might be needed).  Second PV  really needs to track the sun and
adjust for seasonal angles to maximize output..   I.E Solar tree
(which is not qualified)...  

And the tax credit is limited to $000 per KW of PV+Inverter(system)
rating.

Also Note the final credit goes on line 52 of 1040 form..

 I.E.. It can only be used to offset Federal income taxes that were
paid(withheld) or still owed to federal government for that tax year.
(SS/medicare payroll taxes can not be offset).

====

This post  obviously does not address any state credits or rebates you
might be entitled too..  

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