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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