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Deductions & credits
“The federal solar tax credit (Residential Energy Credits - Form 5965) is a tax credit, not an itemized deduction. So, it won't be affected if you stop itemizing your deductions.” See here.
“Residential energy efficient property credit. You may be able to take a credit of 30% of your costs of qualified solar electric property, qualified solar water heating property, small wind energy property, geothermal heat pump property, and fuel cell property.”
See IRS publication 17, page 240
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January 29, 2020
5:59 PM