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Form 5695 Qualified solar electric property costs

I installed solar panels with a battery and was given a total price (not itemized) for the entire system.

I put that amount on Form 5695 line 1 Qualified solar electric property costs.

Line 5a and 5b refer to Qualified battery storage technology costs but I don't have a way to separate that cost from my system cost. 

I checked yes for line 5a (greater than 3 kWh) and $0 in line 5b.

Will that work?

 

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1 Best answer

Accepted Solutions
KrisD15
Employee Tax Expert

Form 5695 Qualified solar electric property costs

No, I don't think so. 

I think if you select Yes for 5a and enter zero for 5b, you might cause an error. 

I suggest you contact the sales rep and ask for an estimate to report a cost for the battery. 

If that is not possible, google the product you purchased and get an idea of the value or ask the firm that did the work what a replacement would cost. 

 

 

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2 Replies
KrisD15
Employee Tax Expert

Form 5695 Qualified solar electric property costs

No, I don't think so. 

I think if you select Yes for 5a and enter zero for 5b, you might cause an error. 

I suggest you contact the sales rep and ask for an estimate to report a cost for the battery. 

If that is not possible, google the product you purchased and get an idea of the value or ask the firm that did the work what a replacement would 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"

Form 5695 Qualified solar electric property costs

Thanks KrisD15. I looked a little closer at my contract and found the itemized costs.

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