AmitaR
Employee Tax & Finance Expert

Get your taxes done using TurboTax

Hello Manish,

In 2023, you may claim a credit of 30% of the amount you spend on the installation of Solar Panels on your residence located in the U.S.  This credit reduces your tax liability and the left over credit can be carried forward to a future year.  For more info:

 

https://www.energy.gov/eere/solar/homeowners-guide-federal-tax-credit-solar-photovoltaics#:~:text=Ge....

 

I hope it helps, please let us know if you have any additional questions.

Enjoy your day!!

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"