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Get your taxes done using TurboTax
It depends.
The only costs that can be included are the costs to prepare the area for the actual solar panel installation. So while you may need to replace your tile roof, you would not be able to claim the cost of the entire roof as the solar panels would not be installed on every section of your roof. As far as the costs of upgrading your electrical panel, if it was necessary as part of the costs to install the solar panels, then it would be considered part of the preparation costs to install the solar panels.
Please see this link for more details as well as for directions on how to enter these costs in TurboTax.
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‎June 7, 2024
12:20 PM