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F
Fariasfamily10
February 2, 2020
Question

Leasing Solar Panels

  • February 2, 2020
  • 1 reply
  • 0 views

I'm currently leasing/purchasing solar panels.  Do I get the tax credit? Or do I have to purchase it in the full amount?

1 reply

H
HelenC12
February 3, 2020

You must own the solar panels. Leasing disqualifies you. 

  • The leasing company is the one that qualifies for the 30% tax credit, not you. You can, however, buy your own solar panels by taking out a loan and enjoy the 30% tax credit yourself. 

 

Related information: How do I add or remove Form 5695?

 

Source: MarketWatch

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