Hi! I installed solar panels on my house in 2024. The company I installed them with has a rigid contract that states that I am not eligible for any tax credits and that those credits are for the company solely. So, I did not claim any solar tax credit on my 2024 taxes. However, the company offered an incentive for new customers to sign a 25-year contract for the solar panels. The incentive was that the first year was free. I had originally thought this meant that I would go one year with no payments, however they instead sent me a check for 12 months worth of payments ($2,300) to make this first year “free”. Fast forward to now, I receive a 1099-misc form with the $2,300 in box 3 for income. Is this considered taxable? I thought it was meant as a discount. What do I do?
