Re: TSP Tax Question
We live in Eastern Oregon and installed Solar in 2017. It was through an incentive program. We were limited to a system based on a two-month electric bill average usage. There are only two of us so our usage was pretty minimal. We also have propane for heat and hot water.
At the time, the tax credit extended over five years. Due to our ages we barely had enough State Income tax to offset the credit. Our system is a 4.6kW DC Solar Electric System, which we installed on our Dog Kennel/Garage roof, consisting of 14 Photovoltaic Array panels. Our system before credits was approximately $13K. We are pleased with the system so far. In 2018/2019 our electric bill was -0-. In 2020 it was $10.00/mo. In 2021 it is $24 and change.
We were not at liberty to put in any size system we wanted. Electric Company only authorized a system the size you actually "needed" not wanted.
Hope this helps others.
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