turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

hwiiangrl
New Member

I have a lease for solar panels. Should I include the amount I paid for the solar panels in my annual income?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
SabrinaD2
Expert Alumni

I have a lease for solar panels. Should I include the amount I paid for the solar panels in my annual income?

The payments you make for leased solar panels are generally not considered income and do not need to be included on your tax return. However, you also cannot claim the tax credit for the installation since you do not own the solar panels.

 

Residential Clean Energy Credit - This page explains the residential clean energy credit, including eligibility and how to claim it.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question