topic Solar Energy Credit in Deductions & credits

Solar Energy Credit

LP2020 — Sat, 18 Jan 2025 23:47:29 GMT

I completed an install for Solar system and battery in September 2024. After entering the information in Turbo Tax I get the message that Based on my information I can't get the credit for 2024 but it will be carried forward for my 2025 taxes. Can these credits not be claimed for the tax year the expense was incurred?

Re: Solar Energy Credit

DoninGA — Sat, 18 Jan 2025 23:53:05 GMT

If your tax liability on the 2024 return is zero then the Energy credit cannot be used and the credit will be forwarded to the next tax year.

Re: Solar Energy Credit

LP2020 — Sun, 19 Jan 2025 01:15:42 GMT

Ah, makes perfect sense. Have not completed all deductions yet.

Thanks for the help

Lis