Upgrading your electrical panel to accommodate solar panels can be considered a solar electric cost that you can claim, even if your panels are leased. According to the IRS, costs directly related to the installation of solar energy systems, including necessary upgrades to your electrical panel, may qualify for the federal solar tax credits.
To qualify, the upgrade must meet the following requirements:
- Installed in a manner consistent with the National Electric Code
- Has a load capacity of not less than 200 amps
- Installed in conjunction with, and enables the installation and use of: Any qualified energy efficiency improvements
- The credit limit for electrical panels is $600.
For more detailed information, you can refer to the IRS's official guidelines and TurboTax Article.