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Level 2
June 1, 2019
Solved

Solar panel deduction

  • June 1, 2019
  • 1 reply
  • 0 views

We installed solar panels this year that tie into our City's grid.  They gave us a rebate of $1500.  Can I deduct the total amount of the contract, or do I have to deduct the $1500 on my federal return?

Best answer by KatherineC

No, you cannot claim the full amount.  You must deduct the $1500 from the total amount of the contract.

1 reply

Level 8
June 1, 2019

No, you cannot claim the full amount.  You must deduct the $1500 from the total amount of the contract.