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I leased solor panels for electricity . Do I qualify for tax credit ( monthly payment or initialization fee)??

 
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MichaelL1
Level 15

I leased solor panels for electricity . Do I qualify for tax credit ( monthly payment or initialization fee)??

No, You are eligible for the Federal ITC as long as you own your solar energy system, rather than lease it. If you sign a lease agreement, the third-party owner gets the solar tax credit associated with the system. 

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MichaelL1
Level 15

I leased solor panels for electricity . Do I qualify for tax credit ( monthly payment or initialization fee)??

No, You are eligible for the Federal ITC as long as you own your solar energy system, rather than lease it. If you sign a lease agreement, the third-party owner gets the solar tax credit associated with the system. 

View solution in original post

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