Ask Your Question

Can Third Party Ownership Utilize the Federal Tax Credit?

asked 2015-06-11 09:53:43 -0500

skip gravatar image

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.

edit retag flag offensive close delete

1 Answer

Sort by ยป oldest newest most voted

answered 2015-06-25 15:18:54 -0500

this post is marked as community wiki

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

updated 2015-06-25 15:18:54 -0500

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?

edit flag offensive delete publish link more
Login/Signup to Answer

Question tools

1 follower

subscribe to rss feed


Asked: 2015-06-11 09:53:43 -0500

Seen: 265 times

Last updated: Jun 25 '15