@pbferrer2004 wrote:
For 2020 Tax year, could I claim 26% of solar panels and the new roof costs?
Did you read the previous discussions in this topic?
A "new roof" is not eligible for the solar credit. At most, you may be able to include any necessary repairs that are needed to allow the roof to carry the weight of the solar panels. For example, if your roof is deteriorated and requires new plywood and shingles anyway, and you also add solar panels, the only part of the roof improvement that can be included as a cost of the solar installation is the extra cost due to adding the solar panels. Such as, extra framing to carry the weight, or the cost of 7/8 plywood instead of 5/8 OSB.
Solar panels are eligible for a credit of 26% if installed and placed in service in 2020. If the panels are not placed in service until 2021 (connected to the grid, fully inspected and turned on) then you claim the credit in 2021, even if you paid for them in 2020.
