We installed the solar system Dec 2016 and filed the Form
5695 for the Federal credit in Year 2016 tax return. Recently, we received a phone call from a
solar energy association who suggest us that we can use MACRS for 5-year
depreciation on the solar panel to reduce our tax liability in next 5
years. Although it’s a residential house
that installed solar system but any excess electricity generated from solar
sell to local electric company. This is
a business behavior. Is it a true
statement? If so, how to get help from
Turbo tax ?
