This is so confusing to navigate as you find so much conflicting information.
One site states rental properties may also qualify under Section 48 as a business tax credit, but another says a rental property is eligible for business ITC under Section 48 but it must be used as a residence of the taxpayer, which a real rental property/business isn't used as a residence of the taxpayer.
Then the energy.gov website @AmyC suggested I go to only states this in terms of requirements to qualify:
To be eligible for the business ITC or PTC, the solar system must be:
- Located in the United States or U.S. territories[6]
- Use new and limited previously used equipment[7]
- Not leased to a tax-exempt entity (e.g., a school), though tax exempt entities are eligible to receive the ITC themselves in the form of a direct payment.[8]
Our rental property meets these requirements. I've tried just calling the IRS to get specific information, but you can imagine where that gets you. Nowhere.
