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This probably should have been done earlier in the game.
But, they have begun the installation of a new PV system on our pre-existing home.
Through the pre-buying stages we kept hearing, from several sources, that Hawai'i had a 35%/$5,000 maximum incentive.
While the Federal incentive was 30% with no maximum.
We are both retired.
My income is SoSec only and just under the no tax limit.
She has a Federal taxable pension and will be starting her SoSec in about 2 years.
Then, she has a small amount of capital gains on some mutual funds.
She will continue to be paying a relatively small amount of federal income tax.
It seems that Hawai'i allows for the incentive to be taken when retirement income is not taxed and/or state taxes are too low to be effectively recouped.
Does the federal incentive have similar provisions?
But, they have begun the installation of a new PV system on our pre-existing home.
Through the pre-buying stages we kept hearing, from several sources, that Hawai'i had a 35%/$5,000 maximum incentive.
While the Federal incentive was 30% with no maximum.
We are both retired.
My income is SoSec only and just under the no tax limit.
She has a Federal taxable pension and will be starting her SoSec in about 2 years.
Then, she has a small amount of capital gains on some mutual funds.
She will continue to be paying a relatively small amount of federal income tax.
It seems that Hawai'i allows for the incentive to be taken when retirement income is not taxed and/or state taxes are too low to be effectively recouped.
Does the federal incentive have similar provisions?
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