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You are correct. Berkshire Hathaway would benefit, not him personally. The tax credits are a big reason these things get built. There is a 30% solar tax credit
by thebmax 14y ago
You are correct. Berkshire Hathaway would benefit, not him personally. The tax credits are a big reason these things get built. There is a 30% solar tax credit that can be passed through to owners against other income.
http://www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=US02F http://www.dsireusa.org/incentives/incentive.cfm?Incentive_C...
The reason this may not be a tax play for him is that ConEdison or SunPower may have already stripped the tax credits from the project and sold them independently. This means there may only be a long term investment vehicle that insurance-type companies like to hold. But someone benefited from the tax credits and I wouldn't be surprised if they were part of the deal.
- rprasad 14y agoAccording to your link, the tax credit is only available to the original installer of the solar facility, i.e., the solar plant in this case. In order to take advantage of the creditk, the solar plant company would have to file a consolidated return with Berkshire Hathaway.