Solar Refund not calculating correctly

Forum|Forum|3 years ago
January 19, 2023
1 reply
2 views

I do not think that the calculation for the solar credit is correctly working. I think it is calculating the overall expensive at 26% and it should be at 30%. Can anyone verify this?

DoninGA

Level 15

The IRS Form 5695, Residential Energy Credits for tax year 2022 uses 30% for the credit on all

Qualified solar electric property costs
Qualified solar water heating property costs
Qualified small wind energy property costs
Qualified geothermal heat pump property costs
Qualified biomass fuel property costs

IRS Form 5695 - https://www.irs.gov/pub/irs-pdf/f5695.pdf

The TurboTax program Form 5695 uses the exact same calculations as the federal Form 5695.

sakins3Author

Level 2

Thanks! I was reading the carry over incorrectly.

Solar Refund not calculating correctly

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