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1 MW of Solar Canopy: Tax Credits on Structure?

Re: Purchase canopy structure but lease solar

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randy@lucastaxandenergy.comSun, Jul 31, 2016, 8:08 PM
 to me, Mark

Hi Matt.

The canopy as a support structure to the solar PV will be subject to the Federal 30% ITC  and 5-yr bonus depreciation as well as the solar panels even though they are being financed (…assuming that the assets are being accounted for as a capital lease on the company’s books).

Please let me know if you have any additional questions or need any additional information.

Thanks, 

R

Randy M. Lucas, CPA | Principal Consultant | Lucas Tax + Energy Consulting | Ph. 704.968.5506

On 2016-07-30 06:18, Matt Warren wrote:

Hi Randy,

If someone purchases a canopy structure, but wants to do a lease for a Megawatt of panels, could they take the tax credits on the structure since they bought it to go solar? They will be leasing the panels for 20 years, if that matters.

Thanks for your help!

Matt Warren
Solar Power Provider