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if you own a business, when this is over, get solar panels

Posted on: March 24, 2020 at 11:38:34 CT

tigerinhogtown STL

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M.O.B. Votes:

this year the credit is only 26%, but that is just part of the tax breaks.

THe section 179 depreciation cut my taxes MORE than the 30% credit did.

Between the credit & depreciation my tax bill went down $50K on a $70k basis for the panels and my elec bill has dropped by 50% and I likely won't get hit with those peak usage charges.

DO IT, they are practically paying you to get them

Edited by tigerinhogtown at 11:39:13 on 03/24/20

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if you own a business, when this is over, get solar panels - tigerinhogtown STL - 3/24 11:38:34

You'll just have to pay more taxes in the future - BigDave MU - 3/24 12:40:45

And this is the biggest goverment scam in the last 20 years - TigerFan92 MU - 3/24 12:40:01

FYI peak is 5-7pm and there is no wind or solar - TigerFan92 MU - 3/24 12:44:24

RE: if you own a business, when this is over, get solar panels - True Son MU - 3/24 12:19:10

it does NOT include distribution, but it is 1 for 1 - tigerinhogtown STL - 3/24 12:26:21

RE: it does NOT include distribution, but it is 1 for 1 - True Son MU - 3/24 12:30:29

I don't actually use what I generate, it all goes to the - tigerinhogtown STL - 3/24 12:35:49

Ah, so a connection between corona and solar panels! - Nebraska99 STL - 3/24 11:48:07

so you net paid $20K? - meatiger MU - 3/24 11:40:55

yep, the guys I bought it from never mentioned depr - tigerinhogtown STL - 3/24 12:08:02

I had a guy come out and estimate how much I'll save... - Role Call MU - 3/24 11:45:04

this is true, in AR it's 1 for 1 - tigerinhogtown STL - 3/24 12:09:51

Are there any figures on property value - meatiger MU - 3/24 11:46:44