Rebate taxable or not?

I'm separating the two issues relating to my solar battery, to keep things clearer.

The other issue is that I get a rebate of $200 per kWh storage capacity under SGIP, the Self-Generation Incentive Program. Under this program, SoCal Edison, which administers the program, sends me a check. The battery is sold and installed by Semper Solaris, an unrelated company. The SGIP application form says that SoCal Edison "may" send me a form 1099, and the rebate "may" be taxable.

I thought rebates were reductions of cost, not income. Will I need to include the amount of the rebate under income, and if so, where? Under "other income"? Or do I reduce the amount I report on Form 5695 as my cost by the amount of the rebate?

I believe the money ultimately comes from the state. If it matters, I can find out for certain.

Reply to
Stan Brown
Loading thread data ...

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.