Solved: I paid for new solar equipment in 2019 and 2020 ( ...
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

I paid for new solar equipment in 2019 and 2020 ( a deposit and then final payment) - do I split the payment ?

I paid for new solar equipment (battery backup) in 2019 and 2020 ( a $1000 deposit in 2019 and then final payment in 2020) - do I split the payment into each year, or allocate the whole purchase to one year or the other?

Thanks for your help!

1 Best answer

Accepted Solutions
Highlighted
Level 15

I paid for new solar equipment in 2019 and 2020 ( a deposit and then final payment) - do I split the payment ?

No.  The credit is claimed as of the date the system is fully installed and placed in service. 

*Answers are correct to the best of my ability but do not constitute legal or tax advice.*
**If a post answers your question, choose it by clicking on "Mark as Best Answer".**

View solution in original post

1 Reply
Highlighted
Level 15

I paid for new solar equipment in 2019 and 2020 ( a deposit and then final payment) - do I split the payment ?

No.  The credit is claimed as of the date the system is fully installed and placed in service. 

*Answers are correct to the best of my ability but do not constitute legal or tax advice.*
**If a post answers your question, choose it by clicking on "Mark as Best Answer".**

View solution in original post

Privacy Settings