I live in New York. This year I purchased solar panels for my main home from Solar City. A state government authority, NYSERDA, paid me an 8% rebate on the cost of the system. As part of my contract with Solar City, I assigned this rebate to Solar City so it was paid directly to them as the final payment for the system. Do I need to report this 8% as income or not? And what is the basis for my solar tax credit? Does it include this 8% or not?
