damage
Senior Member
wkearney99 said:What was your initial out of pocket cost and how long until the rebates were paid? Tax credits are great but carrying the expense until tax time is certainly an issue. We're completing the build of a new house and I've space on the roof for PV panels. But whether I'll have cash to spend on the panels has yet to be determined. So I might actually postpone the installation of them until Fall of '13 when there's end of year cash available and I'm closer to being able to file the taxes for it.
it was around $18k before the federal tax credit. the installer took care of the CA state rebate - i signed paperwork assigning them the rebate, they filed for the rebate and the amount was deducted from my bill up front. that was a little over $3k. so the gross total was around $21k. you can always adjust your w2 witholdings lower or take some capital gains and not have to worry about paying estimate tax.