Obtained my solar roof panels in 2015 and reported this in my 2015 tax filing.
I'm completing my 2017 income tax filing now and got a little confused while entering information in the deductions/credits Tab in TurboTax -- I get a monthly statement from Solar City(Tesla) which itemizes the following:
1. production period 2. amount produced (kWh) by my panels 3. equivalent kWh rate *$0.234/kWh
My question is-- is the monthly production cost (761.410kWh in any specific month x $0.23kWh = $178.17 is this considered a "solar electric costs?" as noted in TurboTax as an item I can claim?
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No, the credit is for buying and installing solar electric equipment in your home - not for any ongoing costs.
No, the credit is for buying and installing solar electric equipment in your home - not for any ongoing costs.
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