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You need to include the amount of the credit you received for the solar tank. You can claim a tax credit for 10% of the cost of qualified energy efficiency improvements and 100% of residential energy property costs. This credit is worth a maximum of $500 for all years combined, from 2006 to its expiration.
You need to include the amount of the credit you received for the solar tank. You can claim a tax credit for 10% of the cost of qualified energy efficiency improvements and 100% of residential energy property costs. This credit is worth a maximum of $500 for all years combined, from 2006 to its expiration.
Thank you for that clear response. It seems ridiculous, doesn't it, that no matter how many different (or costly) energy improvements we make to our home, the cumulative lifetime credit doesn't change. But, at least I know how to treat it. Thanks again.
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