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Last year I had solar panels installed, the rental of which…

Customer Question
Last year I had...

Last year I had solar panels installed, the rental of which is $82.53 monthly. Can I get a deduction for this, or some sort of tax credit?

Accountant's Assistant: The Accountant will know how to help. Please tell me more, so we can help you best.

The rental payments go to Tech CU in San Jose, CA. I was not told, before installation, that I would have to pay rental.

Accountant's Assistant: When we are ready I'll take you to the appropriate web page.

I’m ready when you are.

Accountant's Assistant: Is there anything else important you think the Accountant should know?

The name of the company that installed them is frugll.

Submitted: 29 days ago.Category: Tax
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Answered in 5 minutes by:
3/29/2018
Tax Professional: Barbara, Enrolled Agent replied 29 days ago
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 5,820
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
Verified

Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

Unfortunately, if you leased the solar system, you have forfeited the 30% federal tax credit, but you also cannot claim the solar lease payments as a tax deduction.

I wish I had better news for you.

Please let me know if I can assist you further.

Thank you and best regards,

Barb

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Customer reply replied 29 days ago
Thank you.
Tax Professional: Barbara, Enrolled Agent replied 29 days ago

You're welcome.

My goal is to provide you with excellent service. Please take a moment to rate my answer with a 5-star rating to let me know that I have achieved my goal.

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Barbara
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 5,820
5,820 Satisfied Customers
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.

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