Energy Tax Credit

[amandag2024]

I purchased a home in CA that already had solar panels installed; however, the panels were financed and not paid off. I paid off the panels in full - am I eligible for a tax credit for the payoff amount?

[Opus 17 · Accepted solution]

No. The credit is claimed only as of the date the panels are installed, by the homeowner who installed them, even if they are being paid for over time.