Member-only story
The FinanceFlick: Got Big Crypto Gains? Here’s Why Solar is Your Next Smart Investment
Disclaimer: This content is for educational purposes only and does not constitute investment advice. Please consult with a qualified financial advisor for personalized financial guidance.
Welcome to The FinanceFlick! Today, let’s talk about a scenario many crypto and NFT investors dream of — unexpectedly high capital gains. You’ve hit the jackpot, but now what? Sure, it feels great to see those numbers in your account, but the real challenge is preserving that newly acquired wealth in a smart way. If you’re scratching your head, wondering where to park that windfall, let me introduce you to an option you might not have considered: solar assets. Here’s why they’re worth a closer look.
Accelerated Bonus Depreciation: Quick Tax Relief
One of the top perks of investing in solar assets is the ability to use accelerated bonus depreciation. This means you can deduct a large chunk of your solar investment from your taxable income right away. Under current tax laws, up to 60% of your investment can be depreciated in the first year. This immediate tax break can significantly reduce your taxable income, which is especially helpful if you’re looking to manage the impact of those hefty capital gains.
