What is a Modified Accelerated Cost-Recovery System (MACRS) + Bonus Depreciation ?
Pertaining to a coorporate installation, the owner is entitled to deduct 50% of the adjusted basis of the property for the year installed. The remaining 50% of the adjusted basis of the property is depreciated over the ordinary depreciation schedule. The bonus depreciation rules do not override the depreciation limit applicable to projects qualifying for the federal business energy tax credit Residential Energy Conservation Subsidy Exclusion (Personal) Put plainly, you do not have to pay any taxes on monies or credits recieved from your utility. It is completely tax free for doing something good for the enviroment. Net Metering – Dual Metering There are two options when installing a solar array. The first is called Net Metering. This kind of metering requires the utility to install a new meter on your structure that can spin in two directions. If you are producing more power than you are using, you meter will spin backwards, giving you a credit. Dual Metering is when your utility puts
