Depreciable Basis Error in Help

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Paul Gilman
Depreciable Basis Error in Help

In SAM 2012.12.2, for the Utility IPP and Commercial PPA financing options, the Help topic for the Financing page under "Federal and State Depreciation" shows the following incorrect equation:

Depreciable Basis = Total Installed Cost - ( Total ITC × 0.5 + Total IBI + Total CBI + Total PBI )

The correct equation is:

Depreciable Basis = Total Installed Cost + Total Construction Financing Cost - ( Total ITC × 0.5 + Total IBI + Total CBI + Total PBI )

The correct equation will appear in the next version of SAM.

Best regards,
Paul.

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