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Is income from solar panels taxable?

Posted: Thu Oct 03, 2019 1:52 am
by StockBeard
As the title says. Wondering if I'll have to report the income from solar panels. I assume the answer is yes but wondering if people have some details, e.g. can I report the solar panel themselves as an expense somehow?

Re: Is income from solar panels taxable?

Posted: Thu Oct 03, 2019 11:42 am
by adamu
A quick Google says:

You can deduct the initial cost for up to 17 years.
Profits over 200k are taxable.

I didn't look into it to work out the fine details.