Distributed Tax Credit

The corporate tax credit in North Carolina is 35% spread evenly over the first five years. However, when I start up a case in SAM as a Partnership Flip, it does not seem to allow me to enter a credit that is spread out over time. What am? I missing?

I have done extensive work on modeling NC projects. SAM cannot model the NC tax credit. You need to develop a spreadsheet model. There are also basis issues for the capital account in a partnership flip structure for NC that SAM cannot handle.

Thanks for your response. Are there any plans to include the ability to handle the NC tax credit in future versions of SAM? We are looking at about $20M of PV deals in NC for 2012 under the partnership flip model. Being able to use SAM to evaluate them would be helpful.

The North Carolina Sustainable Energy Association has just published a study on the levelized cost of energy of PV in North Carolina based on analysis conducted using SAM. For a description of the study and a download link, see:

Levelized Cost of Solar Photovoltaics in North Carolina

Best regards,
Paul.

I noticed a possibly related anomaly in specifying the federal depreciation amounts (.

If I select "Financing/Fed Depreciaion/Custom" and specify (edit box) 5 consecutive years at 10%, the base case cash flow (attached) shows deductions taken at 10% for only 4 years.

If I select "MACRS" and note the values are 50% (year 1) and 12.5% (for next 4 years), I see the same result. Only 87.5% depreciation taken over the 1st 4 years and nothing for the 5th or subsequent years.

This is the case in both the baseline and beta versions

Thanks!

We have not been able to replicate these results. Would you mind attaching your SAM file (.zsam) as a reply to this post?

Best regards,
Paul.