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Federal Solar Credit

jamessite
Level 3

Can you get a Federal Solar Credit for leased property or does it have to have been purchased?

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3 Comments 3
qbteachmt
Level 15

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

Thanks

 

But I see on NY State the leased property can be given a small credit.

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qbteachmt
Level 15

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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