4.3 Lease / PPA still has a workaround — but it's not for you

The commercial §48E credit and third-party-owned (TPO) residential Lease / PPA structures can still claim the tax credit — but the credit goes to the financier / solar company, not to you.

The window:

• Project must Begin Construction before 2026-07-04, or
• Project must be Placed in Service before 2027-12-31.

That gives lease companies an 18-month "last train out of the station," which is why you'll see PPA / Lease sales push harder in 2026 — this is not good news for you. See Chapter 7.