Solar Enregy Credit for Rental

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  • Kram BergGold
    Senior Member
    • Jun 2006
    • 2112
    #1

    Solar Enregy Credit for Rental

    My client put solar panels on a residential rental. Clearly this does not qualify for the Energy Credit on Form 5329. My feeling is it does not qualify for the Energy Credit on Form 3468 either becasue a rental is not a business. So am I right that I just depreciate the panels and there are no credits?
    Tags: None
    • kaimana
      Member
      • Apr 2009
      • 90
      #2
      It doesnt qualify because a rental is not a personal residence of the taxpayer. It is depreciable however. Where the client really loses is the electric company credit that he can't claim.
      DIY programs are not a replacement for a good tax pro

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