The residential energy credit allows you to claim up to 26% in tax credit if you purchase something like solar panels. (Last year was 30%, this year is 26%, next year is 22%)
For example, If i purchase a solar system at $10,000, theoretically I can claim up to $2,600 in tax credit. In my research I've found that I could use this amount to pay off income taxes that I owe. However, what if I am in a situation where I get the max deduction from my paychecks and do not owe taxes? Will I be able to get the $2,600 energy tax credit in the form of a tax return/tax refund?
