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Level 2
Feb 22, 2023 5:45 PM UTC
Question

Solar Panel Credit

I have been trying to get the solar panel credit for the past three years and the credit is always $0.  Can someone explain why I am not getting the credit?

    8 replies

    DawnC
    Employee Tax Expert
    Employee Tax Expert
    Feb 22, 2023 5:56 PM UTC

    You probably have no tax liability.   The credit is nonrefundable, so if you don't have any tax liability, no credit will be applied.   You can carry over the credit until you have a tax liability.  

    See this link for more info on how it works.  

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    brodrigAuthor
    Level 2
    Feb 22, 2023 5:58 PM UTC

    Pardon my ignorance but what do you mean with tax liability? which line is that on the 1040?

    DawnC
    Employee Tax Expert
    Employee Tax Expert
    Feb 22, 2023 6:09 PM UTC

    Tax liability is on Line 24 of Form 1040. 

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