The new home that I'll purchase for investment has solar panels and I am giving the option to lease or purchase them. From a tax perspective, if I purchase them, can I get the federal tax credit?
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If you buy a new home with solar panels installed, you are eligible for the federal solar tax credit.
If you lease the home or the panels themselves, you are NOT eligible for the credit.
The credit goes only to the owner. If you lease, you're not the owner.
If you buy a new home with solar panels installed, you are eligible for the federal solar tax credit.
If you lease the home or the panels themselves, you are NOT eligible for the credit.
The credit goes only to the owner. If you lease, you're not the owner.
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