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Frequently Asked Questions about the Federal Solar Tax Credit in 2020

Avatar for Ben Zientara
Published on 03/05/2019 in
Updated 02/04/2020

Questions about the solar tax credit

Note: The information below applies for people whose solar panel installations were fully interconnected and placed into service before midnight on January 1, 2020. The Federal Solar Tax Credit has now “stepped down” from 30 to 26 percent for all installations completed in 2020. The rest of this page applies to home solar installations completed during 2020.

The federal solar tax credit, also known as the Solar Investment Tax Credit, or ITC, is the single most successful and important solar incentive available in the United States. The ITC is a direct tax credit based on the cost to install a solar system, awarded to the system owner in the year after installation.

If your solar panel installation is fully interconnected and you receive permission to operate (PTO) before January 1st, 2021, you are entitled to a tax credit of up to 26% of your cost to install solar. If your system gets PTO in 2021, you’ll earn a 22% tax credit instead.

The solar tax credit is set to expire for all residential installations completed after 2021.

But that’s not all there is to learn. Let’s dive in to other important questions people have about the federal solar tax credit!

How the solar tax credit works

The ITC is a non-refundable tax credit, meaning you can’t take it unless you owe at least as much in income taxes as the credit would be. For example, the average-sized home solar installation can make about 6.7 kilowatts of power under full sun, and costs about $22,000 (about $3.30 per watt) before state solar incentives.

For that average system, the federal solar tax credit would be $5,720 (26% of $22k).

In order to take the full tax credit, you’d need to have a federal tax bill of at least $5,720. If you don’t owe that much in taxes, you can still take the full credit, but you’ll need to claim it over more than one year.

Note: when we say “federal tax bill” it doesn’t mean “what you owe on April 15th.” Instead, it means “total tax liability,” so if you pay in all year through pay check deductions, that money counts as taxes paid. If that amounts to $5,720, you can claim the whole credit.

And you don’t have to be rich to claim the solar tax credit. If you take the standard deduction and no other tax credits, you can probably claim the full solar ITC as a single person making more than $60,000, or a married couple making over $80,000.

Ready to install solar?

If you’re thinking about going solar and you want to know how the solar tax credit can benefit you, get in touch with one of our solar experts today.

If you’ve already installed solar, here’s some guidance on how to claim the solar ITC.

If you’d like to know answers to important questions about the tax credit, read on!

Without further ado, here is our solar tax credit FAQ:

  • Q: What is the solar tax credit?
  • A: Officially called the “solar investment tax credit” or ITC, it’s a dollar-for-dollar reduction in the federal tax bill of any homeowner who pays for a solar installation.

First enacted in 2005 and renewed in 2008 and 2015, the ITC is offered by the U.S. federal government for homeowners and commercial solar businesses to make solar more affordable.

  • Q: How much do I get back from the solar tax credit?
  • A: 26% of your costs to install solar, if you install before the end of 2020.

If you’re a homeowner who buys a solar panel system, you’re entitled to a tax credit of up to 26% of the total cost of that system. You can wipe out your entire tax bill if your credit is high enough, and you can take the credit over multiple years if you don’t owe that much in year 1. For example, if you spend $20,000 on a solar system, your 26% tax credit would be $5,200. But if you only owed $4,600 in taxes for the year, your tax bill will be reduced to zero, and you’ll receive an additional $600 tax credit on next year’s return.

  • Q: When will the solar tax credit expire?
  • A: Nope! The residential solar tax credit will continue at 26% through the end of 2020, then “step down” to 22% in 2021 and expire afterward.

Here’s what that looks like:

Stepping down the solar tax credit

That permanent 10% credit after 2022 will be given to companies who install and maintain solar systems and sell the power to another entity (homeowner, business, utility company, etc.) Of course, this assumes the Trump administration doesn’t decide to do away with the tax credit…

Claiming the credit is actually really easy, and like we mentioned above, it can wipe out your entire tax bill. Wow!

  • Q: Why are we subsidizing solar anyway? Shouldn’t the industry stand on its own two feet?
  • A: Lots of businesses get subsidies from the government, and solar is one of the most important future planning technologies there is!

We subsidize solar because it’s a key part of our nation’s plan to get off fossil fuels and help make a more reliable, sustainable energy future. But the ITC does more than that; the taxpayer investment in solar creates jobs, reduces prices for solar for everyone, and ensures this still-new industry grows large enough to sustain itself for long into the future.

Check out this handy graphic from the Solar Energy Industries Association (SEIA):

Benefits of the Federal Solar Tax Credit from SEIA

That’s a lot of benefit for our tax dollar investment, but it doesn’t even tell the whole story. A study conducted a few years ago by the U.S. Partnership for Renewable Energy Finance found that a dollar invested in reducing the cost of solar today returns an annual rate of 10% over a 30-year term, if you account for tax revenue from jobs created and leases and Power-Purchase Agreements (PPAs). That’s a huge rate of return, even as solar also saves homeowners money by reducing their electricity bills over 25 or 30 years!

And here’s another graph to put things in perspective a bit. The world’s top 20 countries by economic power (aka the G20) spend almost 4 times the amount on oil subsidies as the entire world spends on subsidies for renewable energy. Check out this chart:

comparison of subsidies for solar and fossil fuels

We hope you enjoyed reading our solar tax credit FAQ. Please feel free to pose additional questions in the comments section below, and we’ll incorporate the best ones in the body of this post.

Head on over to our post about how to claim the ITC:

Last modified: February 4, 2020

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Phillip
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Phillip

We got solar in 2019 for 27800 so 30% tax credit is 8350 but why am I only getting 2800 of the tax credit right now?

David
Guest
David

Hi, we installed solar panels at our home in 2019 And will claim our tax credit for 2019. Just bought a Tesla this year and planned to add additional 6 more panels for the usage of the vehicle. My question is will I be able to claim for the additional panel in 2020 and receive tax credit? Thank you!!

David

Veronica Hernandez
Guest
Veronica Hernandez

Hello,
We purchased our solar in 2019, now were receiving some of the tax credit. However, if we decide to sell our home in 2020, would we receive the rest in 2020 taxes, even though we sold our home?

Tom
Guest
Tom

Can two unmarried people who jointly own the home and the solar panels both claim the tax rebate for the solar cost?

Akay
Guest
Akay

Hi, I am in the process of getting solar panels installed in Feb 2020 and we might rent out this property later down this year due to my job situation. Will we still be able to claim the Feb Tax credit as it was out primary home while installation but later turned into Rental?

Dan-NM
Guest
Dan-NM

If I have an existing system, but believe I should purchase spare parts to make the system reliable, can the cost of the spare parts be used for a solar ITC?

mike
Guest
mike

I have a solar system installed about 4 months ago the finance company made a mistake and only financed $12,000 of a$ 22,000 system I paid the $12,000 cash in full now the solar company ‘sun power’ want the balance $10,000 paid in full I have agreed to make payments with them .my question is will I be able to get the full 30% tax credit on the full amount of $22,000 or do I have to be paid in full?

Andy
Guest
Andy

Does “placed into service” mean:
a.) after the authority-having-jurisdiction signs-off on the permit, or
b.) after the utility gives permission-to-operate?

I’m asking this question with regards to residential installs.

Mel-
Guest
Mel-

Hi, my son-in-law wants to put in his own solar system. If he buys the parts for the system, can he apply for this tax credit on that purchase amount? Is there a stipulation that it has to be operational for the credit in 2019 just in case he doesn’t finish up before the end of the year?

David Van Horn
Guest
David Van Horn

Hi, so if I elect not to take the tax credit as I am in a zero tax bracket and have been for the past 10 years, who gets it?

Maxwell
Guest
Maxwell

I received tax refund every year because I paid maximum tax on every paycheck.
Will that 30% solar tax credit allow me to receive more refund beside my own income tax refund?
Thanks.

Cecilia Guerrero
Guest
Cecilia Guerrero

my husband and I are retired we don’t owe any taxes we get a small refund. we financed the solar system how are we going to get our rebate

Tom
Guest
Tom

I’m in the process of buying a home where the solar power system was installed in April 2019, and I expect to close and take ownership of the house in August 2019, with nearly the full solar loan transferring to me as new owner. Who can claim the tax credit? The seller who contracted for the system and owned the home at time of installation? Me as the owner on Dec 31, 2019? The lienholder?

Jeremy
Guest
Jeremy

If I own a property that is in a trust and my daughter lives in it, and no rent is being paid, is she allowed to file for the tax credit?

Billy
Guest

Thanks for sharing all of this helpful info about the tax credit! Looking forward to learning more.

debby
Guest

can you file for a tax credit on a second home that you only use for personal use

Bella Weller
Guest

Yes, you may providing you live in it 6 months out of the year.

Dave
Guest
Dave

Do you have to use the solar credit to pay off the solar installation loan?

Bella Weller
Guest

No, you do not.

Kevin Mcsorley
Guest
Kevin Mcsorley

Can you file for the federal tax credit witj more than one home if you live at both..

Bella Weller
Guest

Yes, as long as you live 6 months out of each one and the “second home” is not being used as a rental income where you’re filling a Schedule E on it.

B. Clark
Guest
B. Clark

I installed an $80k solar panel system for my house in 2018. I am in the process of doing my taxes. My solar tax credit allowed per form 5695 is the lesser of the 30% or my total tax liability. 30% of the $80k is $24k but my tax liability is $20k so I can carry $4k over to next year. I can also take the child tax credit of $2k except that when using the value on line 14 of the 5695 to input to my 1040 form, it then caps my total tax credits at my $20k tax… Read more »

E. Lomboy
Guest
E. Lomboy

My client installed a solar power system which was finally placed in service in 2018. There is a disagreement about final payment (of up to $200,000) Can taxpayer claim an additional solar credit for additional amount paid in 2019?

Dan
Guest
Dan

My contract and installation are for 2019, can I file my 2018 taxes using the credit? Or even refile my 2017 taxes to use the credit?

Glen
Guest
Glen

I was sold solar on the “promise” of the 30% tax credit. We zeroed out before the credit meaning it will ne carried over to 2019. That said. In my loan terms, if I do not apply the 30% to my loan within the first 18 months, my monthly payment will increase exponentially. Being that this credit is a NON refundable credit, how can my lender/ solar provider, change the terms of my loan without taking my income and or tax laibility into consideration?

Linda
Guest
Linda

Should my deduction include state(OH) taxes paid on the solar panel purchase (I doubt it, but had to ask!)?

Betzy
Guest
Betzy

Which date I have use the installation date or the contract date? Because I singed the contract on September 2018 but they installed the panels on January 2019. Thanks in advance!!

Anonymous
Guest
Anonymous

I WAS WONDERING SINCE I DONT FILE TAXES BECAUSE OF BEING ON SOCIAL SECURITY AND HAVING A LIVING TRUST WHERE MY SOLAR WAS INSTALLED , CAN MY DAUGHTER WHO IS NAMED IN THE TRUST , CAN SHE CLAIM THE FEDERAL TAX CREDIT?

Ben
Guest
Ben

I live in a home with my daughter. we are both on the title and split paying the electric bill. The cost of our system installed in 2018 was 51,250. We both federal taxes as single. Can we both file the 5695 for 1/2 the cost of the system? We also live in NY that has a State Tax credit for 25% of the cost of the system with a cap of $ 5,000. Can we also file 2 IT 255’s to each claim the state tax credit.

Joey
Guest
Joey

We own a home that our disabled daughter lives in with paid caretakers. She receives SSA but we pay for all her care. The utilities are in my name. This is not a rental. Our daughter is a dependant on our taxes. Can we get solar and get the 30% rebate?

Steve
Guest
Steve

What defines an installation’s completion date in the context of applying for the tax credit? The last date that the crew work on the installation? The date that the installation passes utility company’s inspection (PG&E in my case)? The date that PG&E grant me the permission to operate? Or other date? I am asking because for me, these dates happen in different years (2018 for first two dates, 2019 for the last date). Thanks!

P.B
Guest
P.B

I have signed up agreement in with contractor in December 2018 and start process however actual solar sytem installed in early January 2019. Can I claim tax credit on my 2018 tax return as process already started Or need to wait until 2019 tax return?

Mariola Hall
Guest
Mariola Hall

I have a house in TN which is my full time residence ,building new house in HI and installing solar system $25,000 on that house which we are using as vacation place ,can I claim 30% tax credit on my return ,even that is not my main residence ,also since I am not filing HI state tax ,how can I claim $5,000 credit for Hi state taxes

Craig
Guest
Craig

We installed 81 panels at our house in 2017 and took the 30% tax, can we get the tax break on installing battery panels (Tesla’s) in 2019?

Michelle
Guest
Michelle

May I please get clarification as I am seeing different and misleading info on the internet. Scenario: We bought a $20,000 solar system so our ITC (30%) would be $6,000. if we have say a $10,000 tax liability and we are a W2 employee and paid in $11,000 toward our Federal taxes last year so we are now getting back $1000, would we instead get $7,000 back ($6,000 +$1,000) or are we not eligible and only getting $1,000?? Thank you

Nicole
Guest
Nicole

If I initiated the solar loan in 2018 and they were installed in 2018, but not inspected or turned on until 2019, can I still apply for the 30% federal tax credit for 2018?

Richard Heck
Guest
Richard Heck

I received my tax credit for a complete off grid solar system in2012, I need new batteries now and want to upgrade to nickel iron or lithium iron batteries. Can I get a 30% tax credit, the old batteries are almost shot.

Courtney Corda
Guest
Courtney Corda

Hi Ben, First off, thanks for a great FAQ column about the ITC. Regarding your answer to J. Dudek on 02/16/2016 about whether the ITC can apply to residential rental properties owned by his LLC. You said that “the solar tax credit does not apply to rental properties. It’s a sad situation, indeed, because great landlords like you could be a great source for capital for solar installations.” But couldn’t Dudek’s LLC qualify for the business ITC? There is a discussion of this here: https://www.thetaxadviser.com/newsletters/2017/oct/credit-residential-solar-panels.html Or do I have this wrong? Of course, this only make business sense for the… Read more »

Amy
Guest
Amy

If we initiate our loan for solar panels in 2018, but do not have them installed until 2019, will the tax credit be applied in 2019? We are purchasing a PHEV in 2018 and want that to apply first. If we can only apply the solar credit for two years, will that be 2018/2019 or 2019/2020?

reno
Guest
reno

i am getting solar power as soon as my meter is changed. can i apply for the rebate if i do not have any income. or can my daughter who lives in another state claim it. she is co=owner of my home

Dave
Guest
Dave

Thanks for that Ben! So quick question, what is your opinion of what is meant when the code says “the item”? Do you think it means the whole project, or just the “items” that are being claimed? I have installed everything that I have purchased thus far, but that’s only half of what is needed to begin producing solar power. Thx!

Dave
Guest
Dave

I have purchased and installed a hybrid inverter and batteries in 2018 and plan to purchase and install the solar panels and charge controllers in 2019. I think that the work I have already completed may satisfy the “physical work test” (qualifying as start of construction) mentioned in section 4 of this document. https://www.irs.gov/pub/irs-drop/n-18-59.pdf However, I’m not sure if this document applies to residential installations like mine, or only commercial installations. My question is whether I can claim my 2018 costs for the project on my 2018 taxes and then claim my 2019 costs for the project on my 2019… Read more »

Talita
Guest
Talita

How many times can I claim the 30% tax credit? For example, suppose that I already claimed the tax credit for a new solar system. Now I want to upgrade the system adding more panels, can I claim the tax credit again on this upgrade? Thanks!

Curtis
Guest
Curtis

Our HOA is considering buying a solar system to mitigate the $7,000/month they pay for the common areas. I have read that the HA can make the 30%tax credit available to the individual homeowners, but the HOA’S CPA does not agree. How can I change the CPA’s mind?

Anonymous
Guest
Anonymous

My husband and I will most likely be required to pay some capital gains tax on the sale of a home this year. if we install solar in our primary residence, aside from the NYS tax credit, and the federal 30% credit will the remaining cost of the system offset some of the cap gain?

Emily
Guest
Emily

We have just installed a solar pv system which will qualify for an ITC of around $8k. We want to purchase an EV to make use of all that nice sunpower, but we won’t have enough tax to offset both the ITC and the EV credits in one year. I know the ITC may be rolled forward until it is used up and the EV credit must be used in the year the EV is purchased or we will lose it. My question is this: does the IRS require that the ITC be used before the EV credit, or will… Read more »

Sal
Guest
Sal

We own a small family farm that is our primary residence. We were advised to put it into an LLC for liability reasons my wife and I are the only two principals of the LLC. Do we qualify for the Federal tax credit?

Tony M
Guest
Tony M

Should I change my tax dependency to 0 to get more money back when claiming my solar credit?

Darvey
Guest
Darvey

My brothers and sisters and I owe a residence in Maine. It is not the primary residence for any of us. It is not on any energy grid. We currently use a generator for all our power needs. WE are about to install a Solar powered system that will cost about 20K. Can we take the 30% tax credit?

ken
Guest
ken

a new roof on new building or a roof replacement before installing a roof top solar system be able to get the ITC on that cost?

Anonymous
Guest
Anonymous

My wife and I are totally dependent upon my daughter and son-in-law for our sebnior care senior care (we are 88 and 82 respectively). We have income from the sale of our home and would like to put solar on my daughter’s house. Can we or can they take the tax credi?

Carl Brack
Guest
Carl Brack

I’ve took the solar tax credit last year for solar panels. I would now like to add a battery. Can I get credit for the battery or is it only at time of installation?

Don
Guest
Don

We purchased solar panels over 10 years ago and never took a tax credit, I don’t believe it was available. Recently we needed significant wiring repairs due to squirrels. Can we claim the 30% tax credit for the repairs?

Paula
Guest
Paula

Question: We are buying a home with leased solar panels on it already. If we chose to buy the solar panels from the leasing company would we get the tax credit? Or does it not count because they were already installed as part of the lease? Thanks!

Ken
Guest
Ken

I have gone solar with my old house 2 years ago, recently moved into a new house and would like to go solar again, can I still claim the ITC? or it is just a 1 time thing?

Linda
Guest
Linda

My husband and I are retired and do not usually pay federal income tax, but may have some state tax to pay. Does this tax credit apply to state or just federal tax? Also, I am not clear on whether we would have to claim the entire credit in the first two years, or would we have ten years to use it up?

Mkus
Guest
Mkus

How is the solar tax credit calculated in combination with other tax credit? Do you first calculate the other credits, then the solar tax credit to cover any liability still left, and the rest rolls over to next year? Or do you first utilize the solar tax credit fully?

Brendan C
Guest
Brendan C

Our understanding is any costs in the preparation and installation of a solar system are covered. A new roof? Yes. Tree services? Potentially, provided that this is not part of general maintenance for the residence, and is done solely to prepare for installation. Check with a tax professional before undertaking any major work.

Brendan C
Guest
Brendan C

Depending on your state, you may be eligible for the tax credit with your rented mobile home, but this may involve registering as a rental company LLC and taking a business credit. A tax professional can walk you through this and even set you up as an LLC.

Anonymous
Guest
Anonymous

I own my mobile home but rent the property. Do I qualify

Heather
Guest
Heather

I always get money back on my taxes, will I get more money back or will it just reduce my income. It seems it’s only beneficial when you owe money in taxes.

FJ
Guest
FJ

If my tax liability is much less than the value of the 30% tax credit, how many years do I have to recoup the credit?

Joel
Guest
Joel

I installed a solar system on my home about 4 years ago and claimed the 30% tax credit. I also have a granny flat where my in laws live, all in the same property. Can I claim the tax credit this year if i install a solar system

Peter Robinson
Guest
Peter Robinson

Does reroofing and tree trimming to prepare for solar installation qualify for tax credits?

Tom
Guest
Tom

Are you able to claim the solar credit more than once?

Grant
Guest
Grant

I live in Florida. In 2016 I took advantage of both the Federal & Utility rebates for my Domestic hot water system. Now I am interested in adding on solar electicity to the same residence. Can I claim the same incentives again in 2018 for a completely separate system?

Tom
Guest
Tom

If I pay for the instalation of a solar system at my Mom’s house as part of a community solar deal, can I take the 30% tax credit off my taxes or does she have to own the system since it’s at her house?

Jan
Guest
Jan

Can the tax credit apply to second home or only for primary residence?

J Roybal
Guest
J Roybal

Does my solar purchase need to be paid in full before I can get the tax credit

Russ
Guest
Russ

My wife and i are both retired and as such, neither one of us has an “employment” tax that will ever become due. We are however, involved in the stock market and pay a capital gains tax. Are we able to apply the 30% credit towards the tax we owe due to capital gains? Thanks

Mark
Guest
Mark

My partner and I are Joint Tenants in Common on our home and are considering buying rooftop solar. I have almost no tax liability to use the credit but her tax liability is significant. Can the deduction be taken in larger part (or in total) by the party with the greater liability?

Anna
Guest
Anna

I agree with P. Moon. Retirees living on social security or otherwise not paying much in federal taxes are being denied the option of installing solar panels. There’s a huge market out there if you include retired people. Solar companies AND retirees are losing out. Why not make the federal rebate available as a normal rebate on costs, not only a tax credit?

Anonymous
Guest
Anonymous

If I donate the solar equipment 2 years after purchase and taking credit ?

Alexander Asante
Guest
Alexander Asante

What if I buy a hybrid system with solar, wind and a diesel generator included? Do I qualify for a tax credit on the entire cost of the system or only on the cost of the solar panels

Anonymous
Guest
Anonymous

Is my tax credit from my solar purchase taxable income the fo

Anonymous
Guest
Anonymous

I received a tax credit from my 5695 form,hat money went directly to solar company tha

Carla
Guest
Carla

Hi, an arquitect already evalue my home and i will be buying solar panels in the next couple of months. Is the 30%tax credit issued as a check to you after the purchase once you file your tax return or its only a credit to your taxes? i work under an employer and pay more than enough taxes through the year. will i received a check (or probably a payment for two years) with the refund or just a tax credit (which i will not need)? . Thank you for your help

Greg
Guest
Greg

I had solar panels installed, they were purchased, the home is in a family trust, I was told that Trust would qualify for the 30 percent tax credit,is that true.

Greg
Guest
Greg

My roof only had a life of five years, I replaced it and put solar panels in, can I get the full tax credit on the new roof and solar instalation

Ellen
Guest
Ellen

I have a stand alone PV system. This year we added a propane generator for back up. Are those costs deductible?

Tyler
Guest
Tyler

Ok, so I just spoke (yesterday) to a company about installing solar panels on my house. This year I owe the IRS $1400 and I expect it to be about the same next year. They said with the system I’m installing I could get a credit of about $13,500. So let’s say I take out the $1500 or so I would owe the IRS next year that would leave about $12,000 in credits. Would I get that $12,000 back as a refund? I’m already claiming 9 dependents so I don’t think I can really lessen my tax burden much more… Read more »

carol
Guest
carol

question do you know how it works for a married coup;e filing seaparetely

Aida
Guest
Aida

Considering getting panel. I usually never own taxes because I withhold money so I don’t owe with the 30% tX credit I know it’s a refund but I’m being told I would get tht money back since I already paid it through out the year in my With holdings. Is thAt correct ?

James
Guest
James

I recently got solar panels at the end of summer 2016, they were financed (about $30,000) with no payments due for the first year. So we have yet to actually pay anything toward them. Upon doing my taxes this year we were told that we couldn’t take the 30% tax break for that amount because they were finance and we havn’t actually paid for them. Is this true or are we able to go ahead and apply for the tax credit for the full amount finance.

Ashley
Guest
Ashley

How is the year for the tax credit determined? By the date of final payment, the date of the installation, or the date of Permission to Operate (PTO)? Thanks!

W.Q.Henderson
Guest
W.Q.Henderson

Early this coming year (2017) I intend to install a small solar system in order to electrify my 4-car garage which contains a large hobby work space. If the system works as expected, I intend to enlarge the system in order to electrify my 2000sq/ft residece. How doew the federal & state tax rebaate system deal with a two step instalation?

Jasper wilson
Guest
Jasper wilson

I am in the #9 category I don’t file income taxes I want to no if someone can take the tax credit for me and give it to me to pay on solar panels

Christian Munz
Guest
Christian Munz

I can’t find anywhere that states that I am not allowed to claim a new barn as the structure for my solar array and receive a 30% tax credit on the construction cost of said barn. I am pretty sure this is unallowable, but where can I find that documented on an official site? Or, is it allowable?

Phillip Swan
Guest
Phillip Swan

Norwich would this cost for my home

Paul mooney
Guest
Paul mooney

If I install a TPO roof in conjunction with the installation of a solar system, can I take an additional 30 % ITC on the cost of the roof?

Lessell
Guest
Lessell

Yes, I will save about 25-45 $ each month if I apply all my tax refund of $8,000 towards my balance of my solar being financed. I just couldn’t find the information anywhere on the internet or Solar websites stating that my solar refund could be applied towards my loan balance a year later.

jackson
Guest
jackson

I was informed by a solar company that I can apply my tax credit to pay down my loan for the solar system – is this true?

Sara
Guest
Sara

Are you able to get the tax credit if you purchase the solar panels from Costco and install them yourself?

Mel G
Guest
Mel G

Does the 30% tax credit apply to solar leases?

Lynne
Guest
Lynne

Is there any way to either work out an agreement with an installer or another person to get the Federal Tax Credit if you you do not pay taxes because you are disabled? Is there any push at all to allow seniors, the disabled and others who do not pay Federal tax to get a rebate? After all, these are the people who would benefit the most in the savings and they don’t seem to be able to take advantage of the Federal Program. Does anyone care enough to advocate for this? There are many people who own homes that… Read more »

J. Dudek
Guest
J. Dudek

Does the 30% Federal Solar Tax Credit apply to residential rental properties? I am considering putting solar on all of my rental properties but I am unclear on whether I would qualify for the credit because they are not my primary residence. My LLC owns them.

V. Williams
Guest
V. Williams

Can you take the 30% credit anytime within 5 years after the installation?

P. Moon
Guest
P. Moon

Why are solar companies NOT required to tell customers the limitations of the solar tax credit? They aren’t telling retired people, that are no longer paying taxes that they won’t receive their ITC and low income people that they will receive a small portion of their ITC. They are also not being told they can only roll over remaining credits until the next tax year, so they will likely loose thousands. .

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