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Deductions & credits
You can claim the full amount on your 2020 tax return by entering the total cost if that is the year they were installed, but the credit is not a refundable credit. Therefore, you must have a tax liability in order to claim the credit. Any unused credit will be carried forward to a future year as long as the solar energy credit is still in effect.
Take a look at the following TurboTax article to learn more: Federal Tax Credit for Residential Solar Energy
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May 14, 2021
12:09 PM