Entrepreneurs can combine a federal 30% solar tax credit with Section 179 expensing to cut taxes while generating cash flow. A $210,000 solar investment can slash your tax bill from $210,000 to $110,000 if a homeowner pre-pays for the electricity.
For many of my entrepreneurs, one of my clients decided to put solar on his house, and it was great when he did it because he was able to deduct 30% of the entire investment as a tax credit. You can purchase solar equipment, conduct Code Section 179 on that piece of equipment, and have that equipment be placed on somebody else's house who is already prepaying for energy. So now you receive the tax credit for owning the piece of solar equipment, they're paying into the entity for the power, so there's at-risk capital there. You're using the income to buy the equipment and to have somebody manage manage the equipment that solar is being placed on somebody's house. That strategy alone will drop your tax bill down— if you put $210,000 all the way down to about $110,000.
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