@Hummel4876 wrote:
I see a string on this topic but it hasn't been updated for the 2023 version of ITC. I am considering an installation on my primary residence in 2023. For me, the payback period is extremely important. I am considering two options. One is a 10KWH/yr system and the other is a 15KWH per year system. Can I install a 10K system in 2023, and take the 30% tax credit and the expand it to 15K in 2025 and take the 30% credit on the 5K expansion?
The changes in the inflation reduction act are summarized at the link below. Any language uncertainty regarding expanding an existing system that might have existed was not really modified.
https://ttlc.intuit.com/community/tax-law-changes/discussion/faq-revisions-to-section-25d-residentia...
The federal credit is for "solar energy expenditures." It does not discriminate between a virgin installation, an upgrade, or even repairs. I don't see why, based on the law as of today, that adding capacity in a future year would not qualify.
