If you own the asset, you can usually claim deductions for interest, fees and charges, while claiming depreciation against the capital value of the solar system. If you don’t own the asset, all payments are deductible.If a residual payment is required at the end of the contract to transfer ownership to you, then you may need to claim depreciation for the remaining life of the asset. GST will also apply differently to different options and payments.
What are the tax implications of the financial options?
What is your preferred approach to claiming deductions?