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06-14-2018, 08:22 PM
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#1
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Site Team
Join Date: Oct 2014
Posts: 15,293
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If your considering Solar now might be the time
Business News
Solar Prices Crash
On June 1, China pulled the plug on global demand by eliminating about 20 GW of expected domestic installations this year, according to Bloomberg New Energy Finance. That will reduce global prices 35 percent, to 24 cents a watt by yearend.
__________________
2015 Freedom Express 248RBS
TV 2015 Silverado HD2500 Duramax
TST Tire Monitors
Honda 2000I + Companion
2 100W solar panels
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06-14-2018, 08:30 PM
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#2
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Senior Member
Join Date: Nov 2017
Posts: 268
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Nice. Do we have concrete proof of this? Sure would be nice.
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06-14-2018, 08:32 PM
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#3
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Senior Member
Join Date: Mar 2018
Posts: 209
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Crap! I just purchased a 100W 'starter' RV kit (w/ 'suitcase' panel) from Renogy about a month ago.
Oh, well...at least the future addn'l panels I was planning on getting will be cheaper...
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06-14-2018, 08:46 PM
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#4
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Senior Member
Join Date: Oct 2016
Location: Alaska
Posts: 1,830
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Quote:
Originally Posted by Reprise
Crap! I just purchased a 100W 'starter' RV kit (w/ 'suitcase' panel) from Renogy about a month ago.
Oh, well...at least the future addn'l panels I was planning on getting will be cheaper...
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We can get a Tax break for 2018. I just installed six 100 watt Renogy panels with room for more.
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06-15-2018, 01:58 PM
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#5
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Senior Member
Join Date: May 2017
Location: Millcreek UT
Posts: 341
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Does the solar tax break apply to houses on wheels or only homes that ar
e tied to a grid for production?
__________________
2018 Rockwood 2509S Mini Lite
Past: 1984 Road Ranger 20', 1988 Kit Companion
1984 Starcraft 24 foot popup
TV: 1999 Dodge 2500 Cummins 4x4
Honda EU2200i Generator, 300 Watts Solar
Ham Callsign KD7UM
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06-15-2018, 05:59 PM
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#6
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jkoenig24
Join Date: Apr 2015
Location: Box Elder, SD (formerly NY)
Posts: 953
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I've been wanting to add solar to my DX3.
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06-15-2018, 06:17 PM
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#7
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Recently new!
Join Date: Dec 2014
Location: Arizona, in The Land of Scorch!
Posts: 1,206
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Most rv's will qualify as a second home. As such, it will qualify for remaining credits. Your taxes may vary.
__________________
1987 Starcraft Nova tent trailer, purch. '87, sold 8.14
2013 Crusader 290RLT bought new, 8.14 lotsa mods!
2001 Ford F-250 7.3
Loving wife, R.I.P., 6/6/19
and Mason the always dirty dog! R.I.P, 2/19
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06-15-2018, 08:13 PM
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#8
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Senior Member
Join Date: Aug 2017
Posts: 852
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Read the new tax laws...
Quote:
Originally Posted by Paulie1138
Most rv's will qualify as a second home. As such, it will qualify for remaining credits. Your taxes may vary.
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Under the new tax guidelines that are in effect for 2018, RV's no longer qualify as second homes. You can not deduct the interest as a second mortgage. You may be able to qualify it if it is used for business purposes, but you have to have a valid business license. There is a lot more about RV's, but you will have to read the new tax codes.
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06-15-2018, 10:22 PM
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#9
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Recently new!
Join Date: Dec 2014
Location: Arizona, in The Land of Scorch!
Posts: 1,206
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I tried to remove that post, but it would not un post. Just after I posted it, I rembered reading something about the changes.
__________________
1987 Starcraft Nova tent trailer, purch. '87, sold 8.14
2013 Crusader 290RLT bought new, 8.14 lotsa mods!
2001 Ford F-250 7.3
Loving wife, R.I.P., 6/6/19
and Mason the always dirty dog! R.I.P, 2/19
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06-16-2018, 12:08 AM
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#10
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jkoenig24
Join Date: Apr 2015
Location: Box Elder, SD (formerly NY)
Posts: 953
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Villagerjim, I had initially heard that a MOTORHOME would qualify but, a TRAILER would not. Do you know if that has changed?
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06-16-2018, 05:18 AM
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#11
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MCTroy
Join Date: Sep 2014
Location: Troy.Ohio
Posts: 1,178
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Following for the tax info.
__________________
2015 Windjammer 3029 Diamond Edition
2018 Ram 2500
Ohio River Rat
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06-16-2018, 06:18 AM
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#12
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Senior Member
Join Date: Jan 2014
Posts: 174
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Ditto
__________________
Glenn
Shopping for a XL or DX3
2019 Jeep Rubicon Unlimited
sold 2014 Berkshire 400BH
sold 2014 Jeep Rubicon Unlimited
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06-16-2018, 10:01 AM
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#13
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Senior Member
Join Date: Apr 2015
Location: Ontario, California
Posts: 2,146
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Quote:
Originally Posted by rk06382
We can get a Tax break for 2018. I just installed six 100 watt Renogy panels with room for more.
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Wow. My 380 watts is jealous
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06-16-2018, 01:54 PM
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#14
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Senior Member
Join Date: Oct 2016
Location: Alaska
Posts: 1,830
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Quote:
Originally Posted by Tom48
Wow. My 380 watts is jealous
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Three 100 watt panels on each side. I was getting 65 watts in the rain yesterday. 
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06-16-2018, 02:18 PM
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#15
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Senior Member
Join Date: Mar 2017
Posts: 200
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I found an article related to solar tax credits for RVs:
https://tax-queen.com/residential-en...credits-solar/
As for whether TTs count as a second home - what I've read is that the loan interest deduction no longer applies to towables. This is because the standard deductions are going up so much that most taxpayers with a towable will get a break, anyway. That doesn't necessarily rule out the solar tax credit, though!
The tax credit falls under a different part of the tax law and TTs have been considered a 2nd home under that law. I didn't see anything in the tax law specifically stating that TTs were no longer 2nd homes, only that they can't take the loan interest deduction.
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06-16-2018, 03:07 PM
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#16
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Senior Member
Join Date: Oct 2016
Location: Alaska
Posts: 1,830
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Quote:
Originally Posted by rk06382
We can get a Tax break for 2018. I just installed six 100 watt Renogy panels with room for more.
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Quote:
Originally Posted by wannabeowner
I found an article related to solar tax credits for RVs:
https://tax-queen.com/residential-en...credits-solar/
As for whether TTs count as a second home - what I've read is that the loan interest deduction no longer applies to towables. This is because the standard deductions are going up so much that most taxpayers with a towable will get a break, anyway. That doesn't necessarily rule out the solar tax credit, though!
The tax credit falls under a different part of the tax law and TTs have been considered a 2nd home under that law. I didn't see anything in the tax law specifically stating that TTs were no longer 2nd homes, only that they can't take the loan interest deduction. |
Solar Credits include the Inverter, Batteries and Labor not just the Solar Panels. They are all part of a complete Solar install. Use IRS Form 5695.
I also found this on TurboTax website.
TurboTax Online: "We ordered and took delivery of a new 2017 motorhome in 2017, and specified solar planels. Is the cost of the solar panel option on our motorhome deductible?"
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06-16-2018, 04:58 PM
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#17
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Senior Member
Join Date: Oct 2016
Location: Alaska
Posts: 1,830
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Quote:
Originally Posted by rk06382
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Another reference:
"What types of solar electric systems qualify for the 30% Federal Tax Credit?*
ANY complete solar power package, for home or business.
Emergency battery backup system, as long as the purchase includes at least one solar panel.
Product purchases that expand your existing solar power system and include at least one solar panel.
Solar System for RV and boat that has been accepted by the IRS as a second home for tax purposes.**
www.wholesalesolar.com: Federal Solar and Wind Tax Credits
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2018 FR3 28DS | Boondock 99% of the time
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