Small Solar at Energy Farm
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Hi Angie,
I’ve reviewed this form (actually, Tim filled it out while I was with him), and I agree this small solar installation at UIUC should qualify for the IRA Tax Credit. I understand that the next step is for you to review it, and then forward it to the Treasury Office for their review and processing.
Please let me and Tim know if you have any questions.
Thanks,
Morgan
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Morgan,
Is this project actually a solar installation or just the interconnection?
From below:
“Project will connect existing 15kw solar panels to campus electrical grid.”
If this is not the purchase/construction of solar panels for original use, it is not property as described under Section 48:
equipment which uses solar energy to generate electricity, to heat or cool (or provide hot water for use in) a structure, or to provide solar process heat, except property used to generate energy for the purposes of heating a swimming pool,
I’m happy to set up a time to discuss if that helps.
Kimberly A. Maxwell, CPA
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Hi Tim and Rob,
I’d like your perspective on this question about the small solar at the Energy Farm. If you would like to discuss it, please let me know who to include in a call with the tax office.
Thank you,
Morgan
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Hi Morgan,
Happy to discuss this further to determine if this project can meet the requirements for the credit. Do we want to discuss internally first?
Best,
Tim