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deducting photovoltaic installation in 2011
posted by Jack Chen on February 23rd, 2012 7:45 AM
RosscoB,It's very interesting and informative discussions you posted. I am curious what would you put on the solar spending on the tax form? As you mentioned, we basically give out PV credit for free.Best,Jack
deducting photovoltaic installation in 2011
posted by smittyhoo on February 21st, 2012 2:16 PM
RosscoB, I totally get what you're saying with the value of the SREC. However, to my knowledge, a SREC has no economic value in TX to a homeowner because there is no SREC homewoner market in the state of TX. A homeowner cannot sell an SREC to anyone. So, it's a wholly moot point that you are making. Now, if we lived in a state where they do have an SREC market, like NJ, what you are saying would make sense. However, the solar incentives in NJ are structured differently precisly because an SREC market exists. In NJ, you wouldn't be getting this big chunk of mony upfront, you'd get a little chunk of money each year over the life of system based on the market value of the SREC that year. So, feel free to file your taxes however you want but I just don't think that it makes sense to file it the way you are saying in TX based on the realities of the TX solar SREC market. There is a reason no one has been advised by any solar company to file it the way you are describing.
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