To determine if your solar dealer is qualified to pass on the tax credit—specifically the Investment Tax Credit (ITC) or Residential Clean Energy Credit—you should verify the following:
- Ownership Requirement: Ensure you are purchasing the solar system outright. If you sign a lease or Power Purchase Agreement (PPA), you won’t be eligible for the tax credit.
- Dealer Certification and Expertise: Although dealers themselves do not need a specific “qualification” to pass on the credit, they should be knowledgeable about how to guide you through the purchase process correctly. They should provide documentation and information necessary for claiming the tax credit.
- System Eligibility: Confirm that the solar system meets the criteria for the tax credit. This includes ensuring the system is installed correctly and used for eligible purposes such as residential use.
- Documentation and Compliance: Verify that the dealer provides all necessary paperwork, such as receipts and installation certificates, which you will need to claim the credit on your tax return.
- Reputation and Reviews: Look into the dealer’s reputation by checking customer reviews and seeking recommendations from friends or family who have used similar services. A reputable dealer is more likely to assist you properly in the process.
In essence, while dealers don’t need a specific qualification to “pass on” the tax credit, they must ensure that you, as the buyer, meet all eligibility criteria for claiming it yourself.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/how-do-i-know-if-my-dealer-is-qualified-to-pass-on-the-tax-credit/
