@DoninGA wrote:
@Opus 17 I must respectively disagree. The system is readily available for the function it was designed to do.
https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=726d9ae63c....
The term placed in service means the time that property is first placed by the taxpayer in a condition or state of readiness and availability for a specifically assigned function, whether for use in a trade or business, for the production of income, in a tax-exempt activity, or in a personal activity.
It's not in readiness if it's not properly inspected and connected.
"They haven't been turned on. They're no scheduled for at least another couple of weeks."
One might quibble over different levels of "not turned on." Are the final wires not connected? Or, maybe the wires are connected and it only needs throwing a breaker. But why wait weeks? Possibly some kind of inspection must be performed. If the installer "completes" the installation of the components but the system can't be turned on until a properly qualified inspector checks the installer's work, is the system really in readiness? If it's physically installed but not usable because of inspections and other legal requirements, it is in readiness? I still have to say that if you can't actually generate power because some final inspection or regulatory approval is needed, its not in readiness.
If you build an apartment building, it is "ready" when the last contractor walks out the door, or is it ready when the locality issues the C/O?
