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yes -
look at Form 1040
https://www.irs.gov/pub/irs-pdf/f1040.pdf
your tax will be presented on Line 16.
the solar credit will be presented on Line 20
Line 20 is subtracted from Line 16, but can not go below zero.
if Line 20 (the solar credit) is greater than Line 16 (the tax), that difference can be carried foward to the following year.
If you have no other taxable income, doing a Roth conversion to create taxable income and an income tax bill is a good way to benefit from the solar credit. Remember, however, that doing a Roth conversion will also make up to 85% of your social security benefit taxable (if you are taking your SS benefit). So it's a more complicated calculation to figure out how much you can convert.
Yes I am aware of having to pay taxes on more of my Social Security income. It will take me 4 to 5 years to use all of the tax credit to minimize paying taxes on more of my Social Security income.
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