Tax law changes


@Opus 17 wrote:

The new section clearly says (paraphrasing) "electrical improvements that are needed to install another piece of property that qualifies for this [section 25C] credit."   Since a leased system is not eligible for the credit, the electrical upgrade is not eligible either.

 

Remember that the credit previously and still says "costs needed for on site prep and install are eligible."  Here, I think the explicit inclusion of the electrical credit is both a clarification and a limitation; if the panel service is less than 200A, electrical work doesn't qualify. 


I understand. I simply believe the policy is stupid (but that's just my opinion).