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You are probably right but (1) SolarCity would be foolish as a business not to take advantage of tax incentives (2) the primary purpose of these incentives in t
by twelvechairs 10y ago
You are probably right but (1) SolarCity would be foolish as a business not to take advantage of tax incentives (2) the primary purpose of these incentives in the first place should be exactly this - to encourage businesses like solarcity (3) over the long term of course the business model assumes panel prices reduce and become more efficient so the tax thing isnt required in the long term to prop them up
- makomk 10y agoThere's taking advantage of tax incentives, and then there's this: "According to the Kroll report, SolarCity reports solar system costs when claiming tax credits that are 75 percent higher than solar system costs disclosed to investors in the company’s quarterly investor earnings call."
- TheCondor 10y agoThat's a legal tax loop hole though, they are allowed to file based on retail prices they sell their panels for even though they buy them at wholesale bulk prices