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3.9¢ carnegie clean energy limited

plus you were helping the environment by generating renewable...

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KEG75

723 Posts.

24

05/04/18

23:22

Post #: 32256934
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Originally posted by KEG75 ↑

At one point when the WA govt introduced the incentives for solar panels in the mid to late 2000's - was it recs. i think the rate was 40c per kw. I considered buying vacant land and then installing solar panels on the land. Holding land is a capital cost as you are earning no income so you do not see any benefit till you sell. Where as if you sell power to the grid you are creating an income and therefore any expenses associated with that income are deductible.

I also considered buying rentals adding a 2nd power connection, installing pv and getting rent and also get in a very small income from the solar panels.

But shortly after they implemented the scheme they changed the criteria to one property per person, rather than as many properties as the person had. Unfortunate as it would have been a good way to acquire cheap land and get tax deductible every year rather than waiting for a capital event to occur (ie a sale)...

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plus you were helping the environment by generating renewable energy...

CCE Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.9¢		Change -0.001(2.50%)		Mkt cap ! $13.91M

Open	High	Low	Value	Volume
4.0¢	4.0¢	3.9¢	$603	15.38K

Buyers (Bids)

No.	Vol.	Price($)
3	609486	3.9¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	6497	1

Last trade - 15.49pm 19/11/2024 (20 minute delay)

CCE (ASX) Chart