ᐅ Photovoltaics – Questions About Taxes and Commercial Classification
Created on: 5 Sep 2019 16:44
C
Christian K.
Hello everyone,
We are planning to install a photovoltaic system with a battery storage for our new single-family house. As far as I understand, I should register a small business beforehand so that I can declare value-added tax (VAT) or sales tax. Then, I would need to report the monthly earnings from the photovoltaic system to the tax authorities, but this way I can reclaim the VAT on the purchase costs and depreciate the entire system over 20 years.
We are getting the battery from Sonnen and will sign a contract with Sonnen. This means the surplus energy will be fed into Sonnen’s system and compensated. This should be relevant, but I mention it just for completeness.
Is this correct? Is there anything else I should consider when registering the business, besides being able to declare VAT?
Thanks
We are planning to install a photovoltaic system with a battery storage for our new single-family house. As far as I understand, I should register a small business beforehand so that I can declare value-added tax (VAT) or sales tax. Then, I would need to report the monthly earnings from the photovoltaic system to the tax authorities, but this way I can reclaim the VAT on the purchase costs and depreciate the entire system over 20 years.
We are getting the battery from Sonnen and will sign a contract with Sonnen. This means the surplus energy will be fed into Sonnen’s system and compensated. This should be relevant, but I mention it just for completeness.
Is this correct? Is there anything else I should consider when registering the business, besides being able to declare VAT?
Thanks
Ybias78 schrieb:
You would need to calculate it. The payment decreases every month. Just figure out which is more beneficial:
- receiving the higher payment for December of year 19 and 1 month?
- or accepting a lower payment for 11 months longer? Is it the current year plus 20 years, or is the current year counted as the first year followed by 19 more years?
Sure, it’s a matter of calculation. But in December it will likely depend on waiting, and in January the building occupancy (IBN) will come into play.