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Tax law changes
Hello bllewis90,
Thank you for your question.
Looks like your question is related to getting a rebate from your utility company, not a tax credit from IRS. If this is so, the best person to answer this would be the utility company rebate customer service. The licensed contractors could be a good source of information but they are not the official source. Since it is you who is getting the rebate, it is reasonable to assume that you are responsible to provide all the needed documentation to the utility company and keep copies, should there be any questions in future.
Should your question be related to claiming Tax Credit on your taxes -
- you should keep a detailed breakdown of the total amount you spent on the installation; and keep all the records for a period of 7 years. The records may include bills, credit card statements and other receipts; canceled, imaged or substitute checks; proof of payments; and any other records to support deductions or credits you claim on your return. Normally, you should keep these tax records for three years but items that affect the basis of your investments, should be kept as long as you have the asset.
- You may find the following article very informative and handy Homeowner’s Guide to the Federal Tax Credit for Solar Photovoltaics
Hope this answers your question, if not, please do let me know.
Thanks again,
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September 28, 2022
12:57 PM