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Federal Solar Credit
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jamessite
Level 3
06-08-2024
08:55 AM
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Can you get a Federal Solar Credit for leased property or does it have to have been purchased?
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qbteachmt
Level 15
06-08-2024
11:39 AM
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Leased solar panels = no. That credit goes to the owner.
Leased real estate = possibly. A renter can take the credit for improving a property they live in, even if they don't own it.
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jamessite
Level 3
06-08-2024
11:48 AM
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Thanks
But I see on NY State the leased property can be given a small credit.
qbteachmt
Level 15
06-09-2024
02:28 PM
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You first asked: "Can you get a Federal Solar Credit for leased property or does it have to have been purchased?"
Here is the info for NY:
https://www.tax.ny.gov/pdf/current_forms/it/it255i.pdf
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Don't yell at us; we're volunteers
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