@rohitsi wrote:
It's a new construction home so there is no previous owner.
The Solar company installed it in Jun 2021 and activated in Aug 2021
The Solar company tells me since I chose the lease option initially, the solar company would get the credit even though I am purchasing out the lease in the same financial year.
Online search doesn't talk about this scenario hence would be great if you can help.
I can't comment on that specific situation. I don't see anything that would bar you from claiming the credit if you purchase the system in the year it was installed, even though you leased for a short period of time. But I am not an enrolled agent, and I also don't know which section of the code they would use to claim a business credit (it's not the residential credit in §25D because they don't own the home) so I can't look for how the two interact.
