Oliver | Luxury Fiberglass Travel Trailers, Campers & RVs › Forums › OLIVER FORUMS, WELCOME › Introduce Yourself › Solar tax credit
- November 16, 2016 at 12:45 pm #41470
Hi everyone. My name is Jerry from Canfield, Ohio. A long time lurker and first time poster. I’m going to order an oliver le2 soon. In regards to the solar option….I was wondering if anyone has taken a federal solar tax credit on their ollie as a second home. I received an “I don’t know” answer from the factory in regards to eligibility.November 16, 2016 at 4:05 pm #41472
I don’t know about the tax credit, but, welcome anyway. I’m sure that someone on the Forum knows and I, like you, would be very interested in the answer.
2017 Ford F150 Lariat 3.5EB FX4 Max Towing 2016 Oliver Elite II - Hull #117 "Twist"November 16, 2016 at 6:43 pm #41475
If you want to read up on it,
It begins on page 2005
Seriously though, it seems this one has actually done just that
One Life Live It Enjoyably
2017 F350 6.7L SRW CC LB
2015 Oliver Elite II Hull #69November 16, 2016 at 7:18 pm #41477
I asked my wife about this some time ago – she’s a CPA. I don’t know if she ever looked further into it, but her initial thought was that we could use the credit, same as we could deduct the interest if we financed. It might make it easier if Oliver billed separately for the “upgrade”.
Hmm, I wonder if you could include the inverter & batteries as part of that upgrade? Technically (or perhaps one should say, arguably) it’s all part of the system. All that together could net you a $1500 credit.
Snowball • LE2 256 • 2018 Ford RaptorNovember 16, 2016 at 8:50 pm #41478
As I was considering my Ollie purchase, I spoke with a Class A owner about how he could afford his rig and he told me about the “second home” qualifications of self contained RVs and that interest for financing and other items would apply to his RV. Soooooooo, when I Purchased the Wonder Egg 8 years ago, I used the available tax deduction for the cost of my solar system option on my “second home”. ( heck, I’m in it 4 to 7 months a year) Personally, I only included the solar and not the batteries or my large inverter.
The black helicopters have not landed in my back yard yet, so I’m thinking I’m in the clear . . .
Pete & "Bosker". TV - '18 F150 Super-cab Fx4; RV - "The Wonder Egg"; '08 Elite, Hull Number 014.
Travel blog of 1st 10 years' wanderings - http://www.peteandthewonderegg.blogspot.comNovember 17, 2016 at 10:21 am #41479
According to this, the inverter is definitely included, and you can also include most if not all of the battery cost if over the first year you charge them at least 75% via solar. That won’t be a problem for my wife and I since we’ll almost certainly be 100% solar over the first year.
I’m going to have to take a look again at lithium batteries – a 30% rebate on those might make them feasible.
Snowball • LE2 256 • 2018 Ford RaptorNovember 17, 2016 at 11:11 am #41480
Thank you for all the input. I’m going to write off the trailer as a second home also. I will definitely be taking a tax credit. The battery part is a tricky tax credit as they can be charged via plugging into the electrical grid thereby negating some percentage of the credit. I never gave the optional inverter a thought, but your right, it is part of the solar package. I really appreciated that link to government gobbledygook. lol!November 17, 2016 at 11:46 am #41481
Hi everyone. My name is Jerry from Canfield, Ohio.
Can’t help any on the question about Solar credit!
Spent several years working in the Canton and Sandusky areas. Met fine folks there and they taught us to play Euchre, too.
LE2 TundraNovember 18, 2016 at 4:12 pm #41490
For Solar Incentives/Credits you can go to DSIRE and type in your zip code to see what incentives are available. Every state is different but you will want to look for the Residential Renewable Energy Credit and the Sales Tax Credit for Clean Energy Technology. There may be more programs out there in different states and I would always consult a professional in your area.
Oliver Travel Trailer Sales, Inc.
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