Access Leading Tax Experts And Technology
In Our Global Digital Marketplace

Please Type Topic Into Search Bar

Is residential rental property owned by an LLC eligible for the solar energy credit?

Solar Energy Tax Incentives
TaxConnections Members... Answer This Question Want To be One of Our Tax Experts? Register Here

Tax Professional Answers

User Photo
Caran Ebert, CPA
An LLC (Limited Liability Company) is a pass-through entity for the members of the organization. Each member is issued a K-1 in the proportion designated by the Articles of Organization (or Articles of Formation in some states). All the items listed on the K-1 are placed on the member's individual tax return and taxed at the member's tax rate for that year. Credits for Solar Energy are very limited for individual tax returns in the current tax year and are prohibited for second homes and investment property (rental property). Solar Energy Credits are only available for your main home located in the United States. All available credits for partnerships are listed on pages 35-37 of the Instructions to Form 1065 US Return of Partnership Income which is available for download at
Leave a Comment 295 weeks ago

Meet Leading Tax Advisors

User Photo John Stancil



User Photo Peter J. Scalise

Federal Tax Credits & Incentives Practice Leader

New York, NY

User Photo John Dundon, II EA

Tax Director

Denver, CO

User Photo William Rogers, CFP, MBA, EA

CEO/Certified Financial Advisor

Rancho Santa Fe, CA

User Photo Monika Miles


San Jose, CA

User Photo Blake Christian

Tax Partner

Long Beach/ Park City, CA

User Photo John Richardson


Toronto, Canada


View/Select our Current List of Tax Topics

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Previous PageNext Page



Learn from tax advisors, straight to your inbox

Update My Email Address
Contact Us Today