topic I had solar panels installed on our home this past year. Do I put the total amount financed for the panels or just the amount we paid towards the loan for 2024? in Deductions & credits

I had solar panels installed on our home this past year. Do I put the total amount financed for the panels or just the amount we paid towards the loan for 2024?

whamiltoniv — Tue, 03 Feb 2026 16:43:56 GMT

DoninGA — Wed, 05 Mar 2025 22:11:16 GMT

You enter the full purchase price to include installation costs

Vanessa A — Wed, 05 Mar 2025 22:27:42 GMT

You will enter the total amount financed. When you take on the loan, it is treated the same as if you paid it in full.

whamiltoniv — Wed, 05 Mar 2025 22:31:21 GMT

Okay, I did. I am only getting a portion of the credit. The remainder is going to roll over. Can you explain this to me?

DoninGA — Wed, 05 Mar 2025 22:37:41 GMT

If the tax credit reduces your tax liability on your 2024 tax return to 0 (zero) the remainder of the credit is rolled over to the next tax year.