Agreed, but if there's a legal way for me to take back some of what's mine, I'm doin' it.tax credits suck. just one more reason for the army of lobbyists in DC to exist.
Electric bikes; the best of both worlds.Pete, I was just thinking that bike riding really trumps conversions earlier today . I'm not sure tax credits suck, though... They are encouraging "new" technology and trying to stoke the economy 2 different ways at the same time.
That being said, it is, of course, imperfect - for several reasons - but most amusingly, the credits are tainted by the very (human) problem that has gotten us in trouble with oil and energy in general. I made sure I had 5+ KWH capacity on my latest conversion - I foolishly built my previous conversion (motorcycle) with only the capacity I needed for a round trip to work - it came up short and didn't qualify - cause I had only used what I needed hahahaha.
Yes, conversions of old vehicles get $ (just not $$$ like new ones). The thing about the tax code is, you have to read it.
E bikes is the best idea out there. They are cheap, run on very small amounts of power and give the rider a workout (if he chooses to).Electric bikes; the best of both worlds.
I would really appreciate this information from your tax person, I am down to the wireI can call my tax person tomorrow and ask what the different limits for the different sizes are and what the allowable credits will be for each. If I get through and get the info tomorrow I will post it straight away.