Select Page

The IRS has ruled that a Vermont man who bought solar panels as part of a community solar project – a “solar farm” – can take the same tax credit that a person can have if they put the panels on their own roof.

A story in the Burlington Free-Press (read it here) says this might be a precedent which could give a real boost to the idea of community solar, in which a bunch of people jointly own solar in a single location, which doesn’t have to be next to, or even near, their home.  While the ruling is of a sort that specifically cannot be used as a legal precedent in other tax claims, it “is the first indication of where the IRS stands” and “suggests that the IRS is likely to be receptive to claims for the residential tax credit if the project is similar to the one that got the favorable ruling.”

 

 

Pin It on Pinterest