You'll need to sign in or create an account to connect with an expert.
First, make sure you've entered the cost of the solar panels in the Home Energy Credits section. Enter it on the screen titled "Enter any additional energy-efficient improvements" on the line "solar electric costs." This credit is limited to your income tax liability, so if you don't owe any income taxes because your exemptions, standard or itemized deductions plus some other credits take your income tax liability to zero, you won't get a benefit from this credit. On a positive note, however, the solar panel credit carries forward and can be used to offset income tax liability in future years.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17724840587
New Member
topmiller
Level 3
satesh-ramadas
New Member
oren-connell
New Member
rhouff1948
New Member