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Tax law changes
@Anonymous_ wrote:
@Opus 17 wrote:
- If changes are required to the home's electrical panel service (200 Amps or greater) to enable installation of other qualifying property, the electrical work is eligible for a credit....
I suppose the answer in the (very) old thread linked to below would be the same.
The new section clearly says (paraphrasing) "electrical improvements that are needed to install another piece of property that qualifies for this [section 25C] credit." Since a leased system is not eligible for the credit, the electrical upgrade is not eligible either.
Remember that the credit previously and still says "costs needed for on site prep and install are eligible." Here, I think the explicit inclusion of the electrical credit is both a clarification and a limitation; if the panel service is less than 200A, electrical work doesn't qualify.
Similarly, the battery credit is annotated as a limitation, not a new credit. Formerly, batteries might be included as part of a PV system but it isn't clear; now they are definitely covered but only over 3kWh capacity.