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Level 1
February 25, 2020
Solved

Tesla Powerwall

  • February 25, 2020
  • 6 replies
  • 86 views

I have solar power and added two Tesla Powerwall (Solar Batteries) to my system.  Where do I place the costs and installation of the power walls in order to receive the 30% tax credit?  Thanks

    Best answer by DaveF1006

    It should not go under cars. It will go into the home energy credit. i don't know where you are entering this but go to:

    1. federal>deductions and credits>your home>home energy credits
    2. navigate to a page that says Enter Any Additional Energy-Efficient Improvements
    3. add it as a Solar Electric cost

     

     

     

    6 replies

    Alumni - Intuit
    February 25, 2020

    It is in the "Deductions and Credits" section, under "Cars and Other things you own" then "Energy efficient charging station."

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    Level 2
    March 8, 2020

    Why would the Tesla Powerwall go under cars when it has nothing to do with a vehicle, its a battery pack installed to your home electrical system and if charged via 100% solar it falls under ITC for a 30% credit in 2019? Shouldn't it be in the solar section of the return using Form 5695 Residential Energy Credit?

    DaveF1006
    DaveF1006Answer
    Alumni - Intuit
    March 8, 2020

    It should not go under cars. It will go into the home energy credit. i don't know where you are entering this but go to:

    1. federal>deductions and credits>your home>home energy credits
    2. navigate to a page that says Enter Any Additional Energy-Efficient Improvements
    3. add it as a Solar Electric cost

     

     

     

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