Do i qualify for the investment tax credit (ITC) when I install the solar system on my rental property in 2022 and file under my LLC? 09:20 PM

[tdaws7]

I believe I do not qualify for the residential credit but heard there is another form to qualify on the commercial side.

[ColeenD3]

Maybe you are thinking of the Energy Efficient Home Credit

Eligible contractors use Form 8908 to claim a credit for each qualified energy efficient home sold or leased to another person during the tax year for use as a residence. The credit ($2,000 or $1,000) is based on the energy saving requirements of the home.

The credit is part of the general business credit.

Partnerships and S corporations must file this form to claim the credit. All other taxpayers aren’t required to complete or file this form if their only source for this credit is a partnership or an S corporation. Instead, they can report this credit directly on line 1p in Part III of Form 3800, General Business Credit.

[AmeliesUncle · Accepted solution]

Yes, solar on nonresident property still qualifies for a credit.  The ITC credit is reported on a different form (and is covered under a different tax code section), but it is almost the same as the residential credit.

I am not sure how to get there in TurboTax, but typing "3468" in the search box might be worth trying.