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Solar Panels

Installed solar panels in 2023, but financed them and will pay off the loan in 2024. In what tax year to we claim the tax credit?

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Ruth C-L
Employee Tax Expert

Solar Panels

Hi my name is Ruth, CPA, Esq. You'd claim the credit in the year the panels were installed and the contractor was paid, regardless of whether or not you obtained financing to pay the contractor.

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