topic Re: Solar Refund not calculating correctly in State tax filing

Solar Refund not calculating correctly

sakins3 — Mon, 23 Feb 2026 10:42:40 GMT

I do not think that the calculation for the solar credit is correctly working. I think it is calculating the overall expensive at 26% and it should be at 30%. Can anyone verify this?

Re: Solar Refund not calculating correctly

DoninGA — Thu, 19 Jan 2023 13:47:43 GMT

The IRS Form 5695, Residential Energy Credits for tax year 2022 uses 30% for the credit on all

Qualified solar electric property costs
Qualified solar water heating property costs
Qualified small wind energy property costs
Qualified geothermal heat pump property costs
Qualified biomass fuel property costs

IRS Form 5695 - https://www.irs.gov/pub/irs-pdf/f5695.pdf

The TurboTax program Form 5695 uses the exact same calculations as the federal Form 5695.

Re: Solar Refund not calculating correctly

sakins3 — Sun, 22 Jan 2023 13:58:10 GMT

Thanks! I was reading the carry over incorrectly.