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vivzs
New Member

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

 
2 Replies
SweetieJean
Level 15

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

ToddL99
Expert Alumni

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

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.)

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