According to the IRS, the Residential Clean Energy Credit should be "30% of the costs of new, qualified clean energy property for your home installed anytime from 2022 through 2032." Source: Link to IRS
I'm using the Home & Business version of TurboTax for Mac. Under Personal, Deductions & Credits, Home Energy credits, I've entered the information about the new solar panels and 64 kWh of batteries I had installed in 2024. Clicking on the credit amount shows the amount for the Residential Clean Energy Credit is only 14.53% of the total amount I spent on the solar + batteries.
I expected the Residential Clean Energy Credit to be 30% of the amount spent for the clean energy project. Can you explain what I need to change to get this to be calculated correctly?
