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Solar panels

jaimejessup
Level 1

MFJ purchased a new home with solar and financed it with the loan. Can they still claim the energy credits if its financed through the loan and they received no additional paperwork regarding it?

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qbteachmt
Level 15

Financed or not, the equipment needs to be owned, not leased.

And that is separate from the House.

Here:

https://www.irs.gov/newsroom/energy-incentives-for-individuals-residential-property-updated-question...

https://turbotax.intuit.com/tax-tips/going-green/federal-tax-credit-for-solar-energy/L7s9ZiB4D

 

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