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chance97
Returning Member

Home Energy Credit

How/when do I receive  the $6778 for my solar energy credit?  I have received my tax refund of $989.

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2 Replies

Home Energy Credit

The federal residential energy credit is not refundable. That means, it can lower your tax liability to $0 so you get back all your tax withholding, but you don't get the rest. It's moved forward into the next year.

 

The IRS says, "The residential energy property credit is nonrefundable. A nonrefundable tax credit allows taxpayers to lower their tax liability to zero, but not below zero." See: Energy Incentives for Individuals: Residential Property Updated Questions and Answers

AnnetteB6
Employee Tax Expert

Home Energy Credit

The information for claiming the Federal Residential Energy Credit should have been entered as part of your tax return.  As stated by user SundayInSalem, the credit is not refundable but can be carried forward to a future tax return if not used in full on your current year tax return.  TurboTax will keep track of this for you when you file your 2021 tax return.

 

You will not receive a separate check for the amount of your energy credit.  It was incorporated into your tax refund or carried forward.

 

@chance97

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