AmyC
Expert Alumni

State tax filing

You stated that you want to add 10 panels in 2023.  There are some changes for 2023 and the 5695 will also change. Provided you meet the requirements, you could be able to deduct up to $1200 on your 2023 return. Actually, the credit is good for items placed in service through 2033 so you may want to add some each year to get full credit. See FAQ Energy, which has more links, including Residential Clean Energy Property: Qualifying Expenditures and Credit Amount for solar panels, which is part 1 of the 5695. Part 2 is for Energy Efficiency, see Energy Efficiency Requirements. 

The solar panels credit is for your primary home, possibly a second home. These are not for rental homes or new construction. See Qualifying Residence

@bratman    @opus is correct

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"