Energy-efficient (solar) improvements

Forum|Forum|3 years ago
March 1, 2023
1 reply
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In 2022, I purchased two Powerwall solar batteries and additional solar panels... in TurboTax can I lump all costs together under "Solar electric costs" or do I have to separate the two costs (i.e., a cost for the Panels under "Solar electric costs" and another for the two Powerwalls under "Fuel cell property cost")? Are there examples or screenshots that can be viewed?

TurboTax Home & Biz Windows

MaryK4

Level 15

You will have to separate the costs (see below). The maximum qualifying costs that can be taken by all joint occupants is $500 for each one-half kilowatt of capacity of the property. Keep in mind that TurboTax will calculate this credit for you. All you need to do is enter your portion of your costs and the total kilowatt capacity of the property.

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BrehAuthor

Level 2

So, just confirming... for my $37,110 total cost, $9,160 was for Solar Panels (captured under "Solar electric costs"), and $27,950 was for Battery Storage (captured under "Fuel cell property cots") with a 26.4 kWh of storage capacity (captured under "Kilowatt capacity of fuel cell property"). Does this look correct?