You'll need to sign in or create an account to connect with an expert.
NO.
You can deduct extra costs associated with installing the solar panels, but not the entire cost of the renovation. For example, if 2x6 rafters are acceptable to code in your area but you need to upgrade to 2x8 to carry the weight of the solar, then the extra cost of the upgrade is includable as a solar cost for the credit.
Thank you very much, Champ. I am only referring to the cost of replacing/repairing the shingles on the roof faces where we're mounting the panels. That sounds in line with your recommendations. Thank you.
How do I file for this tax? credit the solar credits
The credit for energy efficient improvements to your home including solar panels is located as part of the deductions and credits interview in the section for “your home“. If you don’t see it, you may need to click something like “show me more options” or “let me choose what to work on”.
With TurboTax Online open,
From there, you'll be able to enter your information during the interview process.
You may be able to claim a credit of 26% of your costs of qualified solar electric property or solar water heating property using Form 5695, Residential Energy Credits.
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.
PIW1234
New Member
chris-davidebel1979
New Member
FSBassett
New Member
caseyperkins
Level 1
Taxes_Are_Fun
Level 2