Yes, the credit is not refundable. First, double check you entries for a possible mistake. Next, if you don't find one, print out copies of your return, with and without the credit, to see where the changes are. You will need to go line by line to track the discrepancy.
Solar tax credit amounts
Installing renewable energy equipment in your home can qualify you for a credit of up to 30% of your total cost. The percentage you can claim depends on when you installed the equipment.
- 30% for equipment placed in service between 2017 and 2019
- 26% for equipment placed in service between 2020 and 2022
- 22% for equipment placed in service in 2023
As a credit, you take the amount directly off your tax payment, rather than as a deduction of your taxable income.
