Deductions & credits

@mr petey 

The law is crystal clear that the tax credit is claimed as of the date that the system is “installed.“ There is no mention in the tax law of any requirement to have a contract, or to begin making payments.

 

(The issue discussed above in this long prior conversation, is whether installation is considered complete if the system has not been inspected. The IRS has not given further instructions on this matter, although most of the experts believe that “installed“ means that the installation is finished, and does not require that the inspection be performed or that the system be turned on.)