697879
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

My system cost me $27,300 but I am only getting $3,289. I though it was 30% of the purchase price.

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

My system cost me $27,300 but I am only getting $3,289. I though it was 30% of the purchase price.

The 30% is not a refundable credit, so it can only lower your taxes due to zero.. However, you can carry over any unused portion to subsequent years.

View solution in original post

3 Replies

My system cost me $27,300 but I am only getting $3,289. I though it was 30% of the purchase price.

What type of system?

My system cost me $27,300 but I am only getting $3,289. I though it was 30% of the purchase price.

solar panels

My system cost me $27,300 but I am only getting $3,289. I though it was 30% of the purchase price.

The 30% is not a refundable credit, so it can only lower your taxes due to zero.. However, you can carry over any unused portion to subsequent years.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question