bowercg
Returning Member

Solar Panel Tax Credit

I installed Solar Panels in Nov '2020. Using TurboTax, it generated form 5695 but line 16 stated credit carryforward to 2021. The same thing happened when filing 2021 (carryforward to 2022). Since I am retired with no earned income, Do I need to have taxable income exceeding the Tax Credit amount before I can received the credit ? If not, why would I not receive the Tax Credit ?