cracovian wrote:Amtoro - That GA credit is really hard to get and it seems 2012 is close to being overbooked and you would get on the waiting list for 2013. Based on what I've read you need to take the credit in the year when the installation was completed, so I'm worried we wouldn't be able to get it from the state this year.
Let us know what you find out (as you're pretty good about these things) as I'm getting quotes for my solar panels as well.
I have my paper work for the GA state tax credit for PV. The small print is the total amount of money authorized. Once that money is used up, no more people will qualify for the rebate. That is what happen to me in 2010. When I finished my 10kw system I found there was no money so no rebate. Then an amendment was signed into law allowing me to resubmit on 1 Jan 2011. Well I had my paperwork postmarked 1 Jan but there still wasn't enough money so it was pro rated. I did not get the max 10,500 (which was less than the 35%). But I got something I could apply 2011 taxes. Then Jan I received another form granting me the rest of the 10,500. I ended up getting 17.5% vice 35% as I hit the max of 10,500.
I installed a 10kW system because I had to add a 1864sq ft addition for my 90 year old mother. In the winter both main house and addition will use over 3100kWh for heating, in the summer that goes down to 2500kWh for cooling. (middle GA). My system produces an adv of 1300kWh month. which really helps.
My next investment will be geothermal heat pumps which they say will bring my heating down from 3000 to 1000kWh and cooling down from 2500kWh down to 1000kWh. That means I should not have any electric bills. I'm on Flint Electric. And yes the state has a tax credit for Geothermal heat pumps as well.
How all of this is going to work at tax time I'm not sure. I also have the 5,000 tax credit for the leaf so right now in hand I have approved forms for 15,500 tax credits for the state. I leased my Leaf as that was the only way to take advantage of the 7,500 federal tax credit.