https://ttlc.intuit.com/community/tax-credits-deductions/discussion/my-dads-property-has-to-2-residents-on-it-and-i-live-in-one-i-am-looking-to-install-solar-panels-for/01/2755372#M264415 Tue, 10 Mar 2026 05:34:52 GMT hansonpcs 2026-03-10T05:34:52Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/my-dads-property-has-to-2-residents-on-it-and-i-live-in-one-i-am-looking-to-install-solar-panels-for/01/2755372#M264415 Tue, 10 Mar 2026 05:34:52 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/my-dads-property-has-to-2-residents-on-it-and-i-live-in-one-i-am-looking-to-install-solar-panels-for/01/2755372#M264415 hansonpcs 2026-03-10T05:34:52Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-my-dads-property-has-to-2-residents-on-it-and-i-live-in-one-i-am-looking-to-install-solar-panels/01/2755375#M264416 <P>You can claim the credit when the solar panels are installed on your <STRONG>Home</STRONG>.</P> <P>IRS Form 5695&nbsp;Residential Energy Credits Instructions -&nbsp;<A href="https://www.irs.gov/pub/irs-pdf/i5695.pdf" target="_blank">https://www.irs.gov/pub/irs-pdf/i5695.pdf</A></P> <P>&nbsp;</P> <P><EM><STRONG>Home.</STRONG> A home is where you lived in 2021 and can include a&nbsp;house, houseboat, mobile home, cooperative apartment,&nbsp;condominium, and a manufactured home that conforms to&nbsp;Federal Manufactured Home Construction and Safety&nbsp;Standards</EM></P> Mon, 11 Jul 2022 22:20:20 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-my-dads-property-has-to-2-residents-on-it-and-i-live-in-one-i-am-looking-to-install-solar-panels/01/2755375#M264416 DoninGA 2022-07-11T22:20:20Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-my-dads-property-has-to-2-residents-on-it-and-i-live-in-one-i-am-looking-to-install-solar-panels/01/2755380#M264417 <P>The interesting thing here is that&nbsp;<STRONG>Residential energy efficient property credit</STRONG> (for energy generation, including solar, wind and geothermal) can be applied to any home you use as a dwelling. &nbsp;It does not have to be your main home and you don't have to own it. &nbsp;On the other hand, the&nbsp;<STRONG>Nonbusiness energy property credit</STRONG>, which covers energy efficient doors, windows, insulation and appliances, only applies to a home that you own and use as your main home.</P> <P>&nbsp;</P> <P>However, be aware that if you are paying to install solar panels on a home you don't own, you are taking some risk. &nbsp;You might pay $10,000 and get a $2600 credit, but you are still out $7400. &nbsp;If something unexpected happens, you are dependent on other people's good will to take care of you. &nbsp;For example, if there is a house fire, the insurance will pay 100% to the owner and nothing to you. &nbsp;If there is family trouble, a dispute over inheritance, foreclosure, or something else bad happens, you have no way to protect your investment. &nbsp;</P> <P>&nbsp;</P> <P>&nbsp;</P> Mon, 11 Jul 2022 22:36:03 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-my-dads-property-has-to-2-residents-on-it-and-i-live-in-one-i-am-looking-to-install-solar-panels/01/2755380#M264417 Opus 17 2022-07-11T22:36:03Z