2923116
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Breh
Level 1

Energy-efficient (solar) improvements

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?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
MaryK4
Expert Alumni

Energy-efficient (solar) improvements

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.

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Breh
Level 1

Energy-efficient (solar) improvements

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?Screenshot 2023-03-01 164702.jpg

MaryK4
Expert Alumni

Energy-efficient (solar) improvements

Yes, here is the calculation I got using those numbers: @Breh

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question