I intend to show here details of my pv solar power system and various issues associated with installation, maintenance and related issues with a Gross Feed-In-Tariif (FIT) system
6 x Sunpower 215 watts panels = 1,290 Watts
Fronius IP15 Outdoor Inverter
ACT Gross FIT which commenced on 1 March 2009 with a gross tariff of 50.05c per KWH until 30 June 2010. Will be reviewed then. GST is payable if relevant.
They paid all GST until mid Dec 2010 whence only those registered for GST and with an ABN provided will be paid GST
In April 1 sought a private ruling from the ATO as to whether or not I was liable for income tax on the earnings and if I could claim depreciation as a tax deduction
I also sought a ruling as to whether or not I was liable to collect GST and remit it to the ATO
I received two private rulings the public versions of which are attached as pdf files
Note that these are private rulings and as such only apply to me
However the general principles would be relevant to many
I declared that I purchased the panels as a means of offsetting my large use of electricity and never intended nor are likely to make a profit in the traditional sense
My 1.3KW system is expected to generate about $900 per annum (ex GST), which will take between 7-8 years to recoup my initial investment