I have a rental property and have installed solar panels paid via a lump sum payment of $3,000 together with a Solar Victoria four year interest free loan of $1,400 with monthly instalments. The renter is contributing $700 towards the interest free loan on a monthly basis. What amount can I depreciate and deduct for this outlay? Thank you
Hey @Rocco1!
It sounds like you'd be entitled to claim a deduction for depreciation of the solar panels. That would be based on the asset being used for income purpose (ie rental) and is 100% available.
The $700 contribution would be classified as income and not part of the calulation in this scenario!
Hey @Rocco1!
It sounds like you'd be entitled to claim a deduction for depreciation of the solar panels. That would be based on the asset being used for income purpose (ie rental) and is 100% available.
The $700 contribution would be classified as income and not part of the calulation in this scenario!
15 Apr 2026 · 4 min read time
15 Apr 2026 · 8 min read time
243 views
2 replies