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Level 2
February 22, 2023
Question

Solar Panel Credit

  • February 22, 2023
  • 1 reply
  • 28 views

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?

    1 reply

    DawnC
    Level 15
    February 22, 2023

    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
    February 22, 2023

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

    DawnC
    Level 15
    February 22, 2023

    Tax liability is on Line 24 of Form 1040. 

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