Submitted by No_Web2173 t3_10m94k5 in newhampshire
HowardNelsonJr t1_j65c0bj wrote
Nothing better than taking out 30k in debt to have “no electric bill” and then have to replace the panels after 20-25 years. Big savings! 🤣
[deleted] t1_j67uvsy wrote
[deleted]
SirMontego t1_j6h7bqk wrote
>You can actually buy used solar panels at a significant discount.
The problem with used panels is that used panels don't qualify for the 30% federal tax credit because the tax credit only applies to the "original installation" (26 USC Section 25D(e)(8)(A)) and the associated labor, piping and wires (26 USC Section 25D(e)(1)). After not being able to claim a 30% tax credit on the labor, piping, and wiring, the used panels might not actually result in a lower total cost.
Viewing a single comment thread. View all comments