Unique solar panel tax situation

[noochr1103]

Hi - I purchased a home in 2024 that had leased solar panels installed in 2022.  Upon purchase of the home, we were able to buyout the panels.  Included in the buyout cost was the cost of the federal tax credit the installer had received so that the installer could pay it back (had to be paid back if the panels were purchased within 5 years of the in service date).

Now - no one has received a tax credit on these panels since the installer had to pay it back.  Can I receive the credit since I outright purchased the panels and no one else has taken the credit on these particular panels?

thank you!

[AmyC]

Correct, you would qualify for up to 30% credit. See Energy Star Solar for more information and limitations.