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Federal solar credit on project completion
We had put an initial small deposit down on a new solar panel system for our house toward the end of 2022. They installed all the equipment and it was technically operational by the end of December, however we didnt get PTO from the utility until just recently in 2023. Now that it's fully connected, I'll be paying the remaining balance.
My question is if I'm only allowed to take the 30% credit on the initial deposit amount for 2022 and have to take the remaining credit on the balance for 2023 taxes, or since it was operational, can I figure the credit based on the whole system cost for 2022 taxes even though I technically didn't pay for the whole thing in 2022?
Topics:
‎January 19, 2023
9:41 PM