Yes, American-made solar panels may qualify for an extra 10% credit under the Inflation Reduction Act if they meet domestic content requirements. You can claim this bonus on Form 5695 by including it in the total credit and attaching the necessary documentation if needed.
To add this form in TurboTax, follow these steps:
- Log in to TurboTax and continue your return - be sure you are logged in for the link to work.
- Navigate to the residential energy credit section by clicking this link: residential energy credit.
- Continue through and complete the form for Form 5695 to be added.
Additional resources can be found by clicking What are Energy Tax Credits.
