One more helpful resource - a state by state listing of energy tax credits.
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@gmail.com> 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 ReutherAnnapolis Hybrid MarineOn Wed, Nov 10, 2010 at 10:43 AM, Doug <dj2210@yahoo.com> wrote:
Does anybody know if re-powering with electric gets you a tax rebate?
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