Solar Tax Credit

Solar Investment Tax Credit

Residential Energy Credit

You may use the credit if you made energy saving improvements to your home in the US. For purposes of the credit, costs are treated as being paid when the original installation of the item is completed.

You may be able to take a credit of 30% of your costs of qualified solar electric property, solar water heating property, small wind energy property, geothermal heat pump property, and fuel cell property. Include any labor costs properly allocable to the onsite preparation, assembly, or original installation of the residential energy efficient property and for piping or wiring to interconnect such property to the home.

The Residential Energy Efficient Property Credit has a limit worksheet in the instructions. Projecting current year figures or using last year’s figures as a reference, use the limit worksheet to see how much credit may be available to you.

For help preparing your tax returns and claiming the residential energy credit, contact Tax Attorney Abtin Barzin

See IRS Form 5695 and Instructions