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?
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1 Best answer
Opus 17
Level 15
Jan 26, 2024 10:38:31 AM
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.
1 Replies
Opus 17
Level 15
Jan 26, 2024 10:38:31 AM
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.