feed in tariff extended to fuel cells...?, page-7

I asked my accountant this very question. Is the feed-in-tariff taxable? His answer was no-one really knows until the tax office starts to make rulings. Centrelink, not the ATO, has decided the FIT is to be considered when calculating benefits.

My feeling is if the FIT is generated in a business environment then it's taxable income but financing, installation and depreciation (the ownership) costs will be deductible too. If the FIT is in a residential/non-business context and is to be taxable as some believe then, all things being equal, the ownership costs should come into play as well. Until the ATO rules I think FITs from a residential/non-business are tax free. My opinion only.