JamesG1
Expert Alumni

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

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