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January 26, 2024
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Energy Tax Credit

  • January 26, 2024
  • 1 reply
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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?

Best answer by Opus 17

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 reply

Opus 17Answer
Employee
January 26, 2024

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.