Yes, you're right, the panel is eligible for the Residential Clean Energy Credit. Where do I enter the credit in TurboTax?
Under the Inflation Reduction Act of 2022, federal income tax credits for energy efficiency home improvements will be available through 2032. A broad selection of ENERGY STAR certified equipment is eligible for the tax credits. Under the Residential Clean Energy Credit, you can get a federal tax credit for installing alternative energy equipment such as:
- Solar electric property
- Solar water heaters
- Geothermal heat pumps
- Small wind turbines
- Fuel cell property
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