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Tax law changes
If the panels were installed in 2023 then you can enter the total cost including installation on your 2023 tax return. You will receive a tax credit of 30% of your cost. If the credit reduces your 2023 tax liability to zero, an remaining credit will be carried forward. You cannot claim the ongoing payments you are making.
To enter Home Energy Credits -
Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credit
Click on I'll choose what I work on (if shown)
Under Your Home
On Home Energy Credits, click the start or update button
March 30, 2024
1:27 PM