The reason I brought this up was we are looking into supplemental heating in our house specifically a wood pellet stove. If it is over 75% eff. then you qualify for a 30% tax break. I thought it would be nice to extend that to the new e-install in the boat.
--- In electricboats@yahoogroups.com, Sally Reuther <smreuther@...> wrote:
>
> One more helpful resource - a state by state listing of energy tax credits.
>
> http://www.dsireusa.org/
>
>
> On Wed, Nov 10, 2010 at 1:30 PM, Sally Reuther <smreuther@...> wrote:
>
> > Okay, here's something:
> > If you look at tax credits for energy efficiency you can get a credit for
> > wind and solar. No mention of electric motors. But it has to be on your
> > "principal home". Here is the definition of principal home:
> >
> > The tax credit for energy efficiency is available for improvements made to
> > a *home that you own* and use as your *"principal residence."* This is the
> > home where you live most of the time. A temporary absence due to special
> > circumstances, such as illness, education, business, military service, or
> > vacation will not change your principal residence.
> >
> > The home must be in the United States. It can include a house, houseboat,
> > mobile home, cooperative apartment, condominium, and a manufactured home.
> >
> > The law (Section 25C(c)(1)(A)) specifies: such component is installed in or
> > on a dwelling unit located in the United States and owned and used by the
> > taxpayer as the taxpayer's principal residence
> >
> > Looks to me as if those who live on their boats (sail or power) full time
> > would qualify for this credit for wind and solar installations in the home
> > state where their boat is registered.
> >
> >
> >
> > On Wed, Nov 10, 2010 at 1:21 PM, Sally Reuther <smreuther@...>wrote:
> >
> >> I spent some time on the phone with the IRS the other day to determine if
> >> the law for tax credits for hybrid, electric, and alternative fuel vehicles
> >> could apply to boats. The problem is the wording which defines vehicle as
> >> that which has four wheels and is driven on a paved surface. So, that nice
> >> tax credit is out. If there are others it would be nice to find out if any
> >> could apply to boats. It would be a very nice incentive that could be quite
> >> helpful to all of us - consumers and businesses alike. I'll keep searching
> >> and if I turn up anything (I have a call into my State Senator here in in
> >> MD) I'll let the group know.
> >> Sally Reuther
> >> Annapolis Hybrid Marine
> >>
> >>
> >> On Wed, Nov 10, 2010 at 10:43 AM, Doug <dj2210@...> wrote:
> >>
> >>>
> >>>
> >>> Does anybody know if re-powering with electric gets you a tax rebate?
> >>>
> >>>
> >>>
> >>
> >>
> >
>
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