Residential Energy Credits Solar Property

[Tentman]

Can the credit be claimed for cost financed?  I have a client that paid zero cost in 2020, solar equipment was installed in November of 2020.  There is a financed amount of $37,556.  If I enter the amount financed in proseries a credit of 26% is calculated, and taxes withheld are refunded; it seems way to good to be true.

Any advice will be very much appreciated.

Thanks

The Tentman

[Just-Lisa-Now-]

Financed is the same as paying for it...most people dont pony up the amount for solar, they finance it.

[PATAX]

Lisa hit the nail on the head... I am preparing a return with this now...

[Tentman]

Thank you for your response.  It does seem too good to be true.

tentman

[PATAX]

You sure are right about that tent man... Just another social program run through the tax returns...