shopping centre

[Gavin A]

yes, but detail it as taxable income.

I believe some or all of the installation can also class as tax deductable capital allowances as well, but really if you start going into this territory without being an accountant / certifed financial advisor you're getting into dodgy territory IMO. All you need to do is give them the overall pretax income, it's then up to them to sort out their actual tax situation and apply it to decide if it's worthwhile for them or not.

 

[SolarRoofSols]

yes, but detail it as taxable income.

I believe some or all of the installation can also class as tax deductable capital allowances as well, but really if you start going into this territory without being an accountant / certifed financial advisor you're getting into dodgy territory IMO. All you need to do is give them the overall pretax income, it's then up to them to sort out their actual tax situation and apply it to decide if it's worthwhile for them or not.

I agree, we had the same discussion about what they do with the fit income as I have seen some projections which assume that all of the income will be put in a bank account or reinvested and these projections added to the overall financial benefit of the system.

Each client knows their own tax situation, they pay an accountant to advise them so give them the facts and let them decide how they deal with the income once it is in their account. To do anything else would be crossing a line into something I wouldn't want to be advising on IMO.

 

[Worcester]

Tax is only payable as coproration tax - don't include it - they will understand, (they will also charge VAT on export - ignore that also) Most comapnies would set up a special vehicle (comapny, trust etc) do own and manage large PV systems - lots of reasons why.
They will want to work out a full discounted cash flow model anyway, either based on NPV or IRR depends upon how ther accountants work - in simple terms don't use the model you do for domestics - give them the key figures and assumptions, their bean counters will know if it is a god idea or not, (if not then their bean counters need sacking ..!)
Biggest probelm you get is with a finite amount of capital other projects with a better IRR may come up, however the advantage of this is that it is 'safe' money - the income is pretty much gauranteed, and most people will want a spread of investments to minimse their exposire and gearing ratios.

 

[snowhead]

Be careful on the time you allow to do the job.

Shopping centres are paranoid beyond belief over H & Safety, check exactly what they will let you do and when and where you can crane or move panels etc to the roof.
Nothing to do with solar, but I did a survey on a Centre near the sea for some Air handling equipment on top of a plantroom situated on the car park.
I had to wear full PPE including hard hat just to stand on the car park and take photos with the general public walking past me.
The hard hat was because of seagulls.

 

[Worcester]

You'll also need a full set of structural calcs done by a consulting firm that has massive liability insurance- (we've done similar jobs) you should budget a fair bit just for that :75:

 

[moggy1968]

it is a worry, the potential for losing serious money is a bit of a concern!!

 

[Gary K]

it is a worry, the potential for losing serious money is a bit of a concern!!

Outweighed by the potential to make some serious money- c'mon ,man or mouse?

 

[moggy1968]

squeek!

nah, I will give it my best shot, it's a great career move to get into this side of things so hopefully long term gain for short term pain.

 

[SolarRoofSols]

I will give it my best shot, it's a great career move to get into this side of things so hopefully long term gain for short term pain.

That's the attitude, it is a massive opportunity - good luck!

 

[Worcester]

Go for it, and cover your behind!

When you do things propoerly, you feel good abut it.

 

[moggy1968]

I feel a but most of the time!!