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After you file
Correct. If in 2020 you end up with a bigger credit than you have income tax due — a $3,000 credit on a $2,500 tax bill, for instance—you can't use the credit to get money back from the IRS. Instead, you can carry the credit over to tax year 2021.
Here's a TurboTax article about the solar energy credit.
April 9, 2021
3:40 PM