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Get your taxes done using TurboTax
If you used TurboTax in 2018, the credit would have been carried forward to your 2019 income tax return. If the credit was not used in 2019 and 2020, it may be because your credit was limited or you may be getting other tax credits that have reduced your tax.
Your 2019 return should show a credit on your Form 5695, Line 16, Credit carryforward to 2020.
- If you used TurboTax in 2020, the solar credit should be carried into your 2020 income tax return.
Under the Residential Energy Efficient Property 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, and fuel cell property.
In 2018, 2019 and 2020, an individual may claim a credit for
(1) 10 percent of the cost of qualified energy efficiency improvements and
(2) the amount of the residential energy property expenditures paid or incurred by the taxpayer during the taxable year (subject to the overall credit limit of $500).
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