The reply : "Nothing on a personal residence, not used in a business or as a rental, can be depreciated."
I don't see that the reply digs far enough to answer the question. More specifically, the power company pays the homeowner-taxpayer sometimes for producing more electricity than the homeowner consumes, and at other times the homeowner gets credit against his/her power consumption. Is this net-metering relationship with the power company a business relationship involving income producing solar property (on which taxes can be owed for the income to the homeowner for the excess power generated). Does this business relationship thereby make the solar system depreciable (and thereby eligible for the investment tax credit under Sec 48 --and its safe harbor timing provisions). I understand that some accountants think so, but I would sure like to know if there is anything definitive. Does the taxpayer have a choice to take the residential solar tax credit under Sec 25 and the investment tax credit under Sec 48 where there is this net-metering business arrangement for the solar installation?
