Is there any TAX on the income generated by exporting extra energy to grid? If yes then whats the percentage?
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The Australian Tax Office does NOT tax income from solar power generation. Here is a calculation for you and the return assumed for the worst scenario,
| Return on investment (after tax) | % | 17.7% | The Australian Tax Office does NOT tax income from solar power generation. | |
| Equivalent pretax return required | % | 28.5% | Can you get this amount from leaving your money in a term deposit? | |
| With depreciation | ||||
| System depreciation (per year) | $ | $ 550.00 | ||
| Return on investment after depreciation and after tax | % | 13.1% | ||
| Equivalent pretax return required on an investment after depreciation | % | 21.1% | Can you get this amount from leaving your money in a term deposit? |