I have maintained a home office for several years, and the home office is 25% of the total residence space. In 2024, I have installed a solar energy system. Since my home office is more than 20% of the total residence space, I believe that (i) I can only claim a solar energy tax credit for 75% of the qualifying costs (on Form 5695), and (ii) I then add the solar system as a depreciable asset for business purposes (with a reported cost equal to the total qualifying costs, less the claimed credit amount). Can someone out there confirm whether this is correct? Thank you.
