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If my federal tax for 2024 is $10,000 and I installed a $30,000 solar panel system, how can I split the $9000 solar tax credit over 2 years ($4500 in each year)?

Why spread the credit? Because I'd rather have a modest credit in each of 2 years than a single large credit in one year.
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2 Replies

If my federal tax for 2024 is $10,000 and I installed a $30,000 solar panel system, how can I split the $9000 solar tax credit over 2 years ($4500 in each year)?

The credit is used against your total tax liability.  If your tax liability is $10,000 and your solar tax credit is $9,000, the total credit is used, it cannot be split between two tax years.

If my federal tax for 2024 is $10,000 and I installed a $30,000 solar panel system, how can I split the $9000 solar tax credit over 2 years ($4500 in each year)?

DoninGA,

Yeah, that's what I gathered from the way the tax credit form 5695 is structured. Too bad but I guess I'll just take the full credit this year and work next year when it comes.

Thanks

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