You may only be able to claim a partial credit on your current tax return depending on your total tax liability as compared to your Residential Solar Energy Credit.
The Residential Solar Energy Credit is not a refundable credit. This means that if your tax liability (the amount of income tax you owe) is less than the amount of your calculated solar energy credit, then you will only be able to claim an amount up to your tax liability. This means that your refund would increase by the amount of credit that was used on your return. If there is any solar energy credit left over, then it can be carried forward and used on a later tax return.
If you use TurboTax for your 2022 tax return, the carryforward amount should be automatically included with your return. If for some reason it is not included, you will be able to enter the amount directly by looking at your 2021 Form 5695 line 16.
To learn more, take a look at the following TurboTax article: Federal Tax Credit for Residential Solar Energy
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