Can Third Party Ownership Utilize the Federal Tax Credit?

asked 2015-06-11 09:53:43 -0600

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If my son purchases a solar system that would be installed on my roof, can he utilize the 30% tax credit while I use the solar energy created?

It's difficult to locate definitive information regarding this specific issue. I suspect that my son would be required to directly utilize the solar energy created at one of his approved locations (primary or secondary home). I believe a tax credit and energy usage split such as described in the first paragraph would not be approved.

answered 2015-06-25 15:18:54 -0600

This post is a wiki. Anyone with karma >75 is welcome to improve it.

updated 2015-06-25 15:18:54 -0600

Katherine-EnergySage
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This is a situation we haven't run into before! Generally, when a third party owns your solar energy system, that third party is a corporation (like SolarCity or SunRun) not an individual. You have a leasing or a PPA contact with the owner of your system in those cases. To qualify for the ITC you must own the property on which the solar energy system is installed. Depending on where you live, virtual net metering might be an option for you. This policy allows you to share the power from someone else's solar energy system.

Do you think that virtual net metering might solve your problem?

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Can Third Party Ownership Utilize the Federal Tax Credit?

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