AnnetteB6
Employee Tax Expert

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If you are leasing the solar equipment, there is to tax credit available.  You must have purchased the solar equipment in order to claim the tax credit.  

 

That being said, since the installation was complete in 2023, if you had purchased the equipment then the tax credit would be claimed on your 2023 return, not 2024.  You would have claimed the total cost regardless of whether you were making payments in later years.  

 

See the following information to learn more about the requirements for the solar tax credit:

 

Federal Tax Credit for Residential Solar Energy
 

@Indiamoon7 

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