We own solar panels and get an amount paid to us each month for production through a MA program. I have a 1099-Misc for this, can my solar panel payment be an expense?

MeghanCAyres · ‎February 28, 2025

This is through the SMART solar incentive payment

RobertB4444 · ‎February 28, 2025

No. This amount should be entered as 'Other Income' on your 1040 and not subject to self-employment tax. Since it is not business income you can't deduct expenses from it.

In addition you already deducted the full value of the solar panels when you got a solar panel tax credit in the year that you had them installed. Deducting them again would be double dipping.

@MeghanCAyres

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Expert does your taxes

Do it yourself

Resources

Support

We own solar panels and get an amount paid to us each month for production through a MA program. I have a 1099-Misc for this, can my solar panel payment be an expense?