Hi, I installed solar panels in 2016. I have been getting the credit in my NY state taxes but up until right now I was not aware that there was a credit for Federal. Is this new? And, could I start claiming the cost now? I have a lease agreement - no upfront cost, just the monthly payment.
Thanks!
Robin
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The Federal credit is only for solar equipment that you purchased. It does not apply if you are leasing it.
The Federal credit is only for solar equipment that you purchased. It does not apply if you are leasing it.
Thank you... Wondering if I now buy-out my lease, could I then deduct this expense on next year's Federal return? (given the laws don't change)
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