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I am renting a solar panel system

Parebel

Can I deduct the monthly rental from my taxes under the green usage

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Comments

Frankx

Hi @Parebel,

While there are a lot of folks on here who play a tax expert on TV, we don't actually focus on giving out tax opinions.

You really need to ask a CPA about this.

Frankx

NotACPA

While, in general, I agree with @Frankx's reply ... you might also try asking this over in the TurboTax forum.

It's possible that they'll have some ideas on this matter: https://ttlc.intuit.com/community/home/misc/03/en-us

Rocket J Squirrel

This is a gray area. IRS is fuzzy on whether renting photovoltaic solar panels qualifies. The credit has expired, but may have been renewed. So you'll have to do some research. One thing is certain: you have to have installed the panels. If you moved into a house with existing panels and assumed the rental, you do not qualify for the credit. Only the person(s) who actually installed the panels qualify.

Look up the instructions for Form 5695 and see whether you can make any sense of them.