topic If I am a part of a community solar project, can I get a solar energy tax credit? I live in New York. in State tax filing

If I am a part of a community solar project, can I get a solar energy tax credit? I live in New York.

vivzs — Sat, 03 Apr 2021 22:23:02 GMT

Re: If I am a part of a community solar project, can I get a solar energy tax credit? I live in New York.

SweetieJean — Sat, 03 Apr 2021 22:38:11 GMT

Probably not, since no Solar equipment has been installed on your home.

Community Solar for Your Home - NYSERDA

Guide to Federal Tax Credit for Residential Solar PV.pdf (energy.gov)

But see:

Community solar investors could qualify for federal tax credits, IRS ruling indicates | Utility Dive

Re: If I am a part of a community solar project, can I get a solar energy tax credit? I live in N...

ToddL99 — Sat, 03 Apr 2021 22:46:10 GMT

If you otherwise qualify, yes - you can get a federal solar energy credit for a community project.

Community solar is not eligible for the New York State personal tax credit.

From: Homeowner’s Guide to the Federal Tax Credit for Solar Photovoltaics

You might be eligible for this tax credit if you meet all of the following criteria:

Your solar PV system was installed between January 1, 2006, and December 31, 2021.
The solar PV system is located at your primary or secondary residence in the United States, or for an off-site community solar project, if the electricity generated is credited against, and does not exceed, your home’s electricity consumption.4
You own the solar PV system (i.e., you purchased it with cash or through financing but you are neither leasing nor are in an arrangement to purchase electricity generated by a system you do not own).
The solar PV system is new or being used for the first time. The credit can only be claimed on the “original installation” of the solar equipment.

4 The IRS has permitted a taxpayer to claim a section 25D tax credit for purchase of a portion of a community solar project (IRS. 2015, September 4. IRS private letter ruling 201536017. https://www.irs.gov/pub/irs-wd/201536017.pdf. Note: A private letter ruling may not be relied on as precedent by other taxpayers.)

Re: If I am a part of a community solar project, can I get a solar energy tax credit? I live in N...

vesta — Fri, 13 Oct 2023 17:20:27 GMT

where (what irs form and what line) does one apply for a federal irs section 25D tax credit for the purchase of a share of an off-site community solar project?