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mommy2be716
LIF Adult
Member since 1/16 2921 total posts
Name:
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solar panels- tax credit
Anyone know how this 30% credit works? if we do panels, are we getting 30% as like a cash refund at tax season, similar to the child tax credit?
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Posted 9/16/22 1:18 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
MissJones
I need a nap!
Member since 5/05 22132 total posts
Name:
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solar panels- tax credit
I still am not sure either
I’d love it explained a bit more too
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| Posted 9/17/22 8:44 AM |
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busymomonli
Resident Insomniac
Member since 4/13 2046 total posts
Name:
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solar panels- tax credit
We did it a few years ago. As long as you don't owe, you should get it as a refund at tax time. When we filed, and I don't know if this is still the case, there was a maximum credit for the year we could take for the solar. So we had to claim the max credit that year, and the remainder of the credit the following year. IDK if that makes sense the way I am explaining it.
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| Posted 9/21/22 7:58 AM |
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MissJones
I need a nap!
Member since 5/05 22132 total posts
Name:
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Re: solar panels- tax credit
Posted by busymomonli
We did it a few years ago. As long as you don't owe, you should get it as a refund at tax time. When we filed, and I don't know if this is still the case, there was a maximum credit for the year we could take for the solar. So we had to claim the max credit that year, and the remainder of the credit the following year. IDK if that makes sense the way I am explaining it.
Yes. Thank you!
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| Posted 9/22/22 4:19 PM |
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