Timing of Solar Installation

Dec 28, 2015 1 Replies

I'm putting solar panels on my house. If I pay the installer before the end of 2015, can I claim the credit on my 2015 taxes, even though the work is not yet complete? Honestly, the work will not have even started, but the contract is signed. And I trust the installer enough that I'm willing to pay him 100% up front if it will get me the credit on this year's taxes.



Thanks in advance, Bill


You can't claim the energy credits until the property is placed in service. If that's 2016, you can't claim what was paid in 2015 on your 2015 tax return.

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