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New Member
posted Jun 6, 2019 6:01:43 AM

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

0 3 382
1 Best answer
Level 15
Jun 6, 2019 6:01:47 AM

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.

3 Replies
Level 15
Jun 6, 2019 6:01:45 AM

What type of system?

New Member
Jun 6, 2019 6:01:47 AM

solar panels

Level 15
Jun 6, 2019 6:01:47 AM

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.