3061123
You'll need to sign in or create an account to connect with an expert.
the energy efficient property tax credit, max $1200 per year under IRC 25C, does not include solar panels.
https://uscode.house.gov/view.xhtml?req=(title:26%20section:25C%20edition:prelim)
the residential clean energy credit formerly residential energy efficient credit 30% of cost under IRC 25D
is for the following types of property
(1)the qualified solar electric property expenditures,
(2)the qualified solar water heating property expenditures,
(3)the qualified fuel cell property expenditures,
(4)the qualified small wind energy property expenditures,
(5)the qualified geothermal heat pump property expenditures, and
(6)the qualified battery storage technology expenditures,
the code says the credit is available when the property is placed into service. it also says
(A) Except as provided in subparagraph (B), an expenditure with respect to an item shall be treated as made when the original installation of the item is completed.
(B)Expenditures part of building construction
In the case of an expenditure in connection with the construction or reconstruction of a structure, such expenditure shall be treated as made when the original use of the constructed or reconstructed structure by the taxpayer begins.
is adding more panels to the original installation also an original installation? I would think so but no guarantee.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17555657897
New Member
IY
Level 2
in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
BEACHPLUM3
Returning Member
rebeccaspann2011
Level 1
Raph
Community Manager
in Events