topic Solar tax credit installation date requirement in Deductions & credits

Solar tax credit installation date requirement

wusu — Mon, 24 Oct 2022 18:51:22 GMT

Hi there,

I have a solar and energy storage installation that is going to start in December 2022, and estimated to finish and pass inspection in January/February 2023. For the purpose of claiming the 30% solar tax credit, should this solar tax credit be claimed for the tax year 2022 or tax year 2023?

Thanks for the help, in advance.

Re: Solar tax credit installation date requirement

Critter-3 — Mon, 24 Oct 2022 19:26:52 GMT

2023

Re: Solar tax credit installation date requirement

Carl — Tue, 25 Oct 2022 13:31:48 GMT

The credit is claimed in the tax year the system is up and running and "in service". So that would be 2023 for your situation.

Re: Solar tax credit installation date requirement

wusu — Tue, 25 Oct 2022 14:50:01 GMT

Thank you Carl and Critter-3, for your help.