What are the tax implications on income generation or potential for increase in property value and therefore reassessment for higher taxes?
A 50% accelerated Capital Cost Allowance (under Class 43.2) permits businesses to write-off the capital cost of solar thermal and photovoltaic equipment against any revenue generated through the Standard Offer Program. Class 43.2 is slated to extend to 2012, with projects installed before February, 2005, eligible for an accelerated CCA of 30%. For more information visit http://oee.nrcan.gc.ca/industrial/financial-assistance/tax-incentives.cfm?attr=24. A formula for property reassessment or revaluation for solar projects has not as-of-yet been determined at municipal or provincial levels. An increase in property value has not affected solar homeowners to date.
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