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Solar Tax Question

My wife and I are looking at getting solar, but the credit check was only done in my name, since both the wife and I are filling jointly and paying for it, just the credit check was done only in my name for a better interest rate. Does the tax credit come off the tax liability of both of us? Or just the person who the credit check was done for?  I would assume it's both of us, but I am unsure. Thanks in advance. 

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4 Replies

Solar Tax Question

How   you pay for the solar panels has nothing to do with how the credit is  taken on a joint return. 

Solar Tax Question

So we would get credit for both our liabilities then?

 

@Kat or any other champs that can clarify?

Solar Tax Question

When you file a JOINT return there is no his or her income or taxes... everything is combined into one. So your joint federal tax liability is covered by your joint credits.   Who buys or pays for the solar panels makes no difference on a jointly filed income tax return.  

Solar Tax Question

Thanks!

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