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Kewwkeww
New Member

Can I carry solar tax credit back 1 year?

I installed solar panels in 2019 and am entitled to a $7500 Credit but I expect to get a refund this year.  I had a tax liability for the 2018 year of which I paid.  I know the solar credit can be carried forward until I have another tax liabilty to apply it to, but I thought I read somewhere that the solar credit can be “carried back” 1 year.  Can I apply my 2019 credit to 2018 instead of carrying forward and be refunded what I paid in tax liabilty last year?

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4 Replies

Can I carry solar tax credit back 1 year?

Sorry it cannot be carried back ... only forward. 

Can I carry solar tax credit back 1 year?

If you install for a business the carryback is possible... but not for personal residences ...
 
Can solar tax credits be carried back?
 
A commercial solar tax credit that a taxpayer cannot use can be carried back one year. If there is still an unused credit, then the credit can be carried forward 20 years.

Commercial Solar Incentives | Tax Rebates | Depreciation


https://www.trinity-solar.com › commercial-incentives › federal-incentives
rexjames
New Member

Can I carry solar tax credit back 1 year?

If  the tax credit is carried back, does that mean a refund check for those taxes paid? we are talking a business.

Can I carry solar tax credit back 1 year?

If there is a refund on the amended return then yes you would get it ... that is the core of the amendment process. 

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