turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Can I increase my Fed refund and reduce my CA Due by applying for a home solar tax credit ?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
MarilynG1
Expert Alumni

Can I increase my Fed refund and reduce my CA Due by applying for a home solar tax credit ?

Maybe.  If you installed solar in 2023, you should definitely explore that possibility.

 

When you purchase solar equipment for your home and have tax liability, you generally can claim a solar tax credit to lower your tax bill. The Residential Clean Energy Credit is non-refundable, meaning that it can offset your income tax liability dollar-for-dollar, but any excess credit won’t be refunded. 

 

If the credit exceeds your tax liability for the year, you can “roll over” the unused portion to future years so long as the credit remains in effect.

There are no income limits on the solar tax credit, so all individual taxpayers are eligible to claim the credit on qualifying solar energy equipment investments made to their homes within the United States.

 

Here's detailed info on Federal Tax Credit for Residential Solar Energy

 

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies