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Do you own the solar panels? If yes, then whatever you paid for them would be a capitalized asset, as they add to the cost basis of the property.
if you own them then the monthly payment would apparently be on the loan to finance them. only the interest portion of the payment would be deductible.
Correct ... the interest is a deductible cost. The hard costs of the solar system (less any credits taken) are assets that must be depreciated.
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