I had solar panels installed on our home this past year. Do I put the total amount financed for the panels or just the amount we paid towards the loan for 2024?

[DoninGA]

You enter the full purchase price to include installation costs

[Vanessa A]

You will enter the total amount financed.  When you take on the loan, it is treated the same as if you paid it in full. 

[whamiltoniv]

Okay, I did.  I am only getting a portion of the credit.  The remainder is going to roll over.  Can you explain this to me?

[DoninGA]

If the tax credit reduces your tax liability on your 2024 tax return to 0 (zero) the remainder of the credit is rolled over to the next tax year.