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Can I get a tax credit for solar if I buy a new home (new construction) for investment that includes solar panels?
The new home that I'll purchase for investment has solar panels and I am giving the option to lease or purchase them. From a tax perspective, if I purchase them, can I get the federal tax credit?
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June 3, 2019
11:56 AM
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State tax filing
If you buy a new home with solar panels installed, you are eligible for the federal solar tax credit.
If you lease the home or the panels themselves, you are NOT eligible for the credit.
The credit goes only to the owner. If you lease, you're not the owner.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
June 3, 2019
11:56 AM
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State tax filing
I see, thanks. Any idea if could still claim investment credit for improvements to the property?
June 3, 2019
11:56 AM
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State tax filing
See this: <a rel="nofollow" target="_blank" href="https://turbotax.intuit.com/tax-tips/investments-and-taxes/what-is-form-3468-investment-credit/L886W...>
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
June 3, 2019
11:56 AM