What is my payback for investing in solar power?
If you have an EIN # and chose to write off your cart as a lease or purchase over 5 year period, you will achieve up to 155% of you investment back. If you chose to take the deduction at the end of the first year, you will receive a one time credit of 30%. Your state incentives may increase this amount. In addition you will be able to write off approximately $325.00 per year for you battery system. Check with your local CPA for exact deductions and/or credits. An individual will receive the 30% first year credit and the yearly battery system tax advantages. In addition, if you purchase a new set of batteries at the same time you purchase your solar system, it is our understanding you get to deduct the full amount of those battery cost. Again, check with your CPA.
