On May 18, 11:15 am, (DA) wrote:

Also, $50K would be one hell of a standard deduction! Is there anyone NOT
itemizing at that level? And regardless, it's just a reason not to take a
standard deduction for that one year.

Andy replies:
The tax credit is against the tax liability, so it comes off the
bottom
line instead of the top. Still, if the bottom line isn't as great as
the
tax liability, I'm pretty sure the IRS won't give you credit in excess
of
the tax you owe. In other words, if you have a 10K tax credit, but
only
owe 8K in tax, I doubt they send you a check for 2K. But I'll admit
I
haven't looked into it, tho anyone trying to do it for income tax
purposes
ought to check it out. Some of the IRS rules are very arbitrary.
One
place to ask is misc.taxes.moderated which is a newsgroup that is
staffed and frequented by tax people.


I would be much more worried about structural integrity of one's roof.
Also, as you pointed out, a conversation with the insurance company seems
an important step for me, too.

***** While the panels do add some weight, it would be distributed
over
a wide area, and I doubt it would bother the structure , especially if
there
were only one layer of shingles. Personally, I'd be more worried
about
how the panels are attached to the roof, since it would certainly
involve
drilling some holes.... a LOT of holes..... which, over time, might
cause
a problem..... If it did, it would probably be a bear to try to fix
and patch...


It would be interesting to learn if insurance companies treat solar
shingles any different than your "normal" PV panels on racks. Anyone has
experience to share?

***** I've never worked with solar shingles. I think I'll go and
google it
to see how they are hooked together. Google is our friend....
Also, there are a lot of engineers that hang out on
sci.electronics.design
that may have some first hand experience.....

Andy in Eureka, Texas

Andy in Eureka, Texas