Discuss shopping centre in the Solar PV Forum area at ElectriciansForums.net
my understanding was this is as far as you can go with FiTS, but, as I have never looked at installs this big before any advice welcome!! I thought the lovely Governement had basically put the mockers on large scale projects.Why stop at 50kWp?
personally, I don't think you either can or should. That's a matter for their accountants, as the amount of tax they'd pay will be based on a whole host of other factors, as it's just lumped in with their overall taxable profits for the year.It makes the payback calculation interesting - the VAT can be claimed back by the shopping centre but then you have to factor in any tax they will pay on the FITs payments.
I agree, we had the same discussion about what they do with the fit income as I have seen some projections which assume that all of the income will be put in a bank account or reinvested and these projections added to the overall financial benefit of the system.yes, but detail it as taxable income.
I believe some or all of the installation can also class as tax deductable capital allowances as well, but really if you start going into this territory without being an accountant / certifed financial advisor you're getting into dodgy territory IMO. All you need to do is give them the overall pretax income, it's then up to them to sort out their actual tax situation and apply it to decide if it's worthwhile for them or not.