SOLAR CREDIT - Transfer

Technical topics regarding tax preparation.
#1
jacobj6  
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26-May-2021 11:36pm
Location:
Montana
Can the solar credit be transferred (sold) to a different taxpayer?
If one business does not have the tax liability to use it, can they transfer their credit to another entity?

Those in the solar industry say they can be transferred/assigned. I’m wondering if they are outright selling/assigning them, or if they are doing some type of sale/leaseback.

IRC 48 discusses pertains to energy credit for businesses. I can’t find anything there discussing sale/transfer of credit, or structuring a lease arrangement to effectively transfer ownership of the equipment to an entity that could use up the credit.
 

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