All Forum Posts by: Joshua Dickman

@Brian 

@Brian Davis Yes, you are on to something. 

As long as you have the tax liability you can potentially receive the full 26% on next year's filing, but you may have to claim it over multiple years depending on your situation. Thus, I advise all my clients to allocate some extra funds towards the month 18 re-amortization because you are not guaranteed to get the full 26% at year one. Definitely consult with your CPA. Beyond that, there is a MACRS depreciation on the table and is once again available depending on your situation. 

I have been in solar 5 years and work with SunPower. They are the oldest solar company in America (Est 1986) and hold over 500 patents, including the most efficient panels on the market which are also used by NASA.We have an inhouse CPA firm that specializes in the solar tax code and works with your CPA to help you claim the 26% ITC and 87% depreciation because most CPAs do not specialize in solar. 

Happy to help in any way I can. 

Solar is the future and the time is now.

Cheers.

Joshua

Hi @Greg V. From what I understand, if an individual is a passive investor in a project, the tax credit would also be passive and would only offset the liabilities generated from passive income. Thus, if the individual has passive losses, the credit would be carried forward to offset future tax liabilities generated from passive activities. Does that help? 

Hi Ken I work in the solar industry and would be happy to help in any way possible. One cool thing about commercial solar is you get the federal tax credit as well as you can claim accelerated depreciation on the system which usually equates to an extra 30% you get to write off within the first 5 years. So between the federal tax credit and depreciation, usually the total cost of the system is more than cut in half (50-75% comes back to you in the form of credits and rebates) and significantly increases ROI especially when compared to residential solar.

Hope this helps!

@Dean Klein Can they do that and sell the house legally without giving us, the tenants, a heads up?

Hey ALL !

What is the status of this thread? I see a lot of people eager to meet up and add value to each other (myself included) but not seeing a time or location selected... Let's start one!
If this post gets 5 upvotes lets make it happen.

See y'all soon hopefully!
Cheers,

Joshua D.

Hello BP,

I live in a duplex in San Clemente, CA and last week a Notice to Enter was left on our door. On it, it says the owners will have an inspection and appraisal done in two weeks.

I have been analyzing small multi units in town and intend to invest in one soon. Ideally I would stay here if the numbers look good and house hack it but also open to wholesaling it.

Having the knowledge that the house might go on the market soon, what is the best way to approach the situation...? Be present for the appraisal and ask questions? Talk to the owners/property management company? What are some good questions to ask. (I am a noob)

Also, what is the best strategy for raising funds on a small mutil family? Hard Money then BRRRR? Conventional Loan? House hack (3.5% down) or would it be wise to bring this to a cash buyer and wholesale it? Where would I start in that scenario too?

Any and all advice welcome.

Thank you!

Tyler ,  are you in national grid utility? Has your solar rep talked to you about the SMART incentive program? You may be entitled to significant state and federal incentives living in Mass.

Also, think of it like this: every time you make your electric payment you are throwing money away to the utility (a sunk cost) but when you go solar every time the solar bill is paid, you’re paying off the system.  Additionally if your tenants can pay it off for you and have a locked in rate for power while they live there that is the same, cheaper or even a little more expensive than the current payment, that is a pretty fair deal to both parties. As Zillow shows that solar does in fact increase home value…

https://www.zillow.com/researc...

I work with investors all over the country, making going solar easy. 

If you’d like another competitive quote I’d be happy to provide that for you. Is the solar company quoting you $15k for electrical? That sounds a bit high.

Let me know.

Cheers,
Joshua 

Loving this thread!

I have been in the solar industry for years, helping clients save the most money possible by switching to renewables! I am more than willing and able to help fellow investors get the best bang for their buck on a top of the line solar system! Can offer discounts for multiple properties and referrals! We service about 18 states too!
I'm just here looking to help, so if anyone has any questions about how panels work, how much you can save or if it makes sense for you, please let me know and I'll be happy to estimate a custom solar system for your property.

Cheers!

Hey guys, 

Super interesting stuff!

I am a solar contractor in California, with offices in 22 different states and I would love to help out and answer any questions you may have about the solar process, or get you an investor friendly deal on a solar farm.

Feel free to send me a direct message to continue the chat offline.

Cheers!

Joshua

Inboxed you @Nathan Stanley