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Solar federal credit - Can you claim multiple times? Upgrades & additions
This has garnered all kinds of opinions from people but also from CPA.
Question: If you own a home, install solar and Tesla battery backup system and apply and receive the Federal ITC tax credit in 2018 for example. Than in 2020 you install and add additional new solar panels to your existing system or add another battery to your backup system. Can you apply for the Federal ITC tax credit again on the new equipment, whether it be more panels or battery?
Looking for feedback based on IRS guidelines no opinion.
Thanks
‎February 24, 2021
12:08 PM