Hi folks, just a friendly reminder that 2019 was the last year for the 30% deductible for solar
if your boat
qualifies as a second home. So, if your doing US taxes
and installed solar
or a wind generator
don't forget to submit the paperwork for the deduction.
It gets better, my CPA informed me that any other costs directly associated with the installation
of the panels
could also be deducted. For me, that meant that all wiring
, and the 6 solar controllers qualified. Also, because I installed an arch this year specifically to mount the solar panels
, that also qualified in the deduction.
This year the deductible drops to 26%, and lower each subsequent year.