Solar Tax Credit Rebate

Forum|Forum|3 years ago
April 19, 2023
1 reply
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Why am I only getting a $3,000 rebate for my Solar and over $9,000 is being saved for next year? even after the credit a have a liability of over $7,000 owed. Why is the full amount owed not being removed? Even if I do not get a rebate, why is it that I would still owe?

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Best answer by DawnC

Expert Reviewed

Energy credits can't offset income in Part ll of Schedule 2, usually self-employment tax. Check Schedule 2 and look at Form 5695 to see how the credit was limited. Solar Credit

DawnCAnswer

Level 15

Expert Reviewed

Energy credits can't offset income in Part ll of Schedule 2, usually self-employment tax. Check Schedule 2 and look at Form 5695 to see how the credit was limited. Solar Credit

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