I am having a solar system installed this year. Cost will be about $31k so with the 26% tax credit that would amount to an $8k credit. My problem is that I'm retired and collecting Social Security as well as income from pensions and 4% from my investments and have taxes taken out of all the income streams.
I'm trying to determine whether I need to increase the taxes taken out or stop having taxes taken out completely this year so as to maximize the refund when I file next year. I have read posts where individuals received the entire tax credit as a refund, just have not seen a post that addresses my particular situation.
