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wowkita
New Member

Will I get a carryover for my $5000 energy credit for NY state? i didn't get full $5000 credit without any explanation

federal explain why i can't get the full credit for the energy credit and it says it's going to be carried over to next year. but NY energy credit is not fully given even though im eligible to receive it. im short around $1800
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3 Replies
MinhT1
Employee Tax Expert

Will I get a carryover for my $5000 energy credit for NY state? i didn't get full $5000 credit without any explanation

If you are referring to the New York solar energy system equipment credit then Yes, the unused portion of the credit can be carried forward for up to 5 years.

 

Please read this NY Department of Taxation and Finance document.

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wowkita
New Member

Will I get a carryover for my $5000 energy credit for NY state? i didn't get full $5000 credit without any explanation

How do i make sure its getting carried over to next year? Since it didnt explained to why im not getting the full credit?

MinhT1
Employee Tax Expert

Will I get a carryover for my $5000 energy credit for NY state? i didn't get full $5000 credit without any explanation

You did not get the full credit because this credit is non-refundable, meaning that it can only reduce your tax liability to zero. Any excess will not be refunded to you but will be carried over to future tax years.

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