Microgeneration Tax Exemption (increase to €400) on FIT earnings

At least they cleated that up, wasn't actually sure whether it needed to be declared

Stupid question maybe but is it €400 total export or is it €400 remaining after export - import?

Slap on another name on the bill and you're good to go, no?

Ya I've generated €160 so far this year so I'll need to put a few names on it.

Re adding names, is it just adding them into the name field in Energia?

You need to ring energia to do it, (I still have to do that myself), the editable field on the website doesn't appear on your bills just the website!

Lets imagine, we buy units from the grid, at 8c a unit for example

and then we export to the grid at 24

the net income is 24-8c = 16c , surely we can write off the cost to buy the units ?

I'd be curious as to how the separate non microgen income would be demarcated on the bill.

I'm sure the taxman thought of that, it the same with people thinking you can claim the cost of your system as an expense and therefore not be liable for this tax. So likewise you paying 8c to then export at 24c doesn't matter. All that matters is you exported x units at 24c (how you paid for those or how you paid for the system to generate those is not applicable) it entirely taxed based on x * 24c and then and a tax credit of 400 (or 400 * number of income tax payers on bill) before you pay on the excess.

As a general rule, try to put your partner's name on the bills as well so they always have a few proofs of address handy if needed

Also if they need to talk to one of the providers it's a lot easier if they're named on the account

5 people on the bill here since day one I got a smart meter, so €2,000 FIT income exempted from income tax

Oh and wait, I just paid my daughters €2,000 to clean the panels on my shed. That is deductible now too?

They promised they would spend it on schoolbooks and college fees 😂

But seriously, this goes to show what a total nonsense this is. Some overpaid, overpensioned civil servants thought it was a great idea to dream this taxable status of micro gen up. Imagine the hours they wasted having meetings about this and doing up reports. It will never make any material tax money, just as @k123456 said

I'm guessing the overpaid, overpensioned civil servants , in question are trying to justify their existence

Separately , I called SSE about adding my child onto the bill, not possible to a child, even though a teenage child could conceivably want to pay bill in part, and is liable for tax.

However, they did mention, if you want to add an adult to the bill , you have to terminate your contract or contracts if you have dual fuel. They were not 100% sure , but reckon the termination fee might be waved , this could work to your advantage if you want to terminate current contract and move to a new contract with better rates (with SSE)

Asked where do I see , my a record of my FIT rebate from SSE , not possible to see on a regular basis, as the rebates are twice yearly, they explained , might be available on App EnergiHub

It's a self-assessed tax. I would send your utility provider an email, asking for them to include all named individuals in the email on the bill. Just keep that for your records

The €400 won't be long reached.

Bill for 24/01 - 28/03 on the Energia Smart EV rate with a 24c export rate.

473+ units for a credit of €113.71.

Considering this is not peak generation time you could easily double that in a billing cycle.

Waiting patiently to get name added to bill…

More actually, why would you limit to 5.5kw when NC6 allows up to 6.0?

Export doesn't need to come from the sun 😎

I wouldnt bother wasting money paying that tax. The amount of people I know who are getting away with huge amounts of unpaid tax, i dont think they will be coming after people for this.

Also i was paying tax at 13 years old working in my Uncles garage for the summer. So im pretty sure anyone is old enough to be a tax payer. And you dont have to officially have a name on a bill either. several people can be responsible for a bill even if its only got one name on it.

Just ignore the whole tax on FIT thing anyway and you'll be grand.