Question:
I am finding your articles on some of the technicalities of the 1603 program for renewable energies very enlightening. I work for a solar energy company and still confused by one aspect of the application process, perhaps you could shed some light? My understanding is that to file for a property “placed in service after 12/31/2010” you must demonstrate construction began in 2010. I am currently working with a large client who is ready to sign a power purchase agreement, however we may not be able to begin doing on site-construction until early 2011. Construction will be completed in 2011. My question is if we order solar panels from our manufacturer in 2010 specifically for the project we are filing for, does that fulfill the “safe harbor” requirement of “beginning construction”? If so, would that cost need to be at least 5% of the total project cost to qualify? Are there any other off-site options that exist to demonstrate construction beginning in 2010? I appreciate the opportunity to be able to send you an email and am thankful for your time and answer.
Best regards, Solar Contractor
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