Hi,
My partner and I are the members of an LLC that holds a vacation rental property in New York state. We are looking into getting solar panels for the property and are navigating the confusing world of federal and state tax credits. Although this property is occasionally used as a residence for myself and my partner, who is also my brother, we only stay there for about 2-4 weeks a year. The rest of the time, it is rented out on Airbnb as a short term/vacation rental.
We would like to purchase the solar panels, not lease them. What tax credits are available to us? The Federal Tax Credit for Residential Solar seems to limit the amount we can claim up to the time we actually reside in the house. So that doesn't work as we don't really live there. Any insights would be helpful.
Thank you!
