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vando5150
New Member

Purchased a brand new home. Solar panels were installed on the roof as part of the purchase price. Can I still deduct?

The itemized list for the home purchase shows the cost of the solar panels and their installation.

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AlanT
Expert Alumni

Purchased a brand new home. Solar panels were installed on the roof as part of the purchase price. Can I still deduct?

Yes, the 30% tax credit for the cost of buying and installing a solar system is available for 2018 and 2019. 

You will have to figure out the portion of the purchase price that was for the cost and installation of the solar panels.  

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AlanT
Expert Alumni

Purchased a brand new home. Solar panels were installed on the roof as part of the purchase price. Can I still deduct?

Yes, the 30% tax credit for the cost of buying and installing a solar system is available for 2018 and 2019. 

You will have to figure out the portion of the purchase price that was for the cost and installation of the solar panels.  

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

View solution in original post

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