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Returning Member
posted Feb 1, 2020 6:06:22 PM

Leasing Solar Panels

I'm currently leasing/purchasing solar panels.  Do I get the tax credit? Or do I have to purchase it in the full amount?

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1 Replies
Expert Alumni
Feb 3, 2020 12:15:31 PM

You must own the solar panels. Leasing disqualifies you. 

  • The leasing company is the one that qualifies for the 30% tax credit, not you. You can, however, buy your own solar panels by taking out a loan and enjoy the 30% tax credit yourself. 

 

Related information: How do I add or remove Form 5695?

 

Source: MarketWatch