Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

This answer was rated:

Can I receive a tax credit for a solar rebate? I get 2000…

Can I receive a tax...
Can I receive a tax credit for a solar rebate? I get 2000 dollars of disability every 2 weeks but it is not taxable. My question is if I purchase my solar system can I get a California tax rebate?
Show More
Show Less
Ask Your Own Tax Question
Answered in 7 minutes by:
11/7/2017
emc011075
emc011075, Tax adviser
Category: Tax
Satisfied Customers: 3,983
Experience: IRS licensed Enrolled Agent and tax instructor
Verified

Hi. My name is ***** ***** I will be happy to help you.

You can get a rebate on purchase if the seller offers it. You will have to check with the seller and also your local utility company if any rebate is available in your area.

The tax credit is federal and is not refundable. It means it will reduce your tax liability to zero but it will not generate additional refund beyond what was withheld (prom your paycheck or retirement check) or estimated taxes you paid.

If you do not have any taxable income, your tax liability is 0 so you will not benefit from a credit.

Ask Your Own Tax Question
Customer reply replied 9 months ago
Ok thank you for answering my question.

You're welcome. Is there anything else I can help you with today?

Ask Your Own Tax Question
Customer reply replied 9 months ago
plain and simple I can not get a tax credit because I don't work and put into the tax system correct? And yes there are tax credits available in the area I live in.

It is not exactly like that. You can have 30K income but if you have a family of 4, after claiming standard deduction and child tax credit for your children you will still end up with no tax liability and you cannot claim any additional nonrefundable credit. Or you can make 50K but have a rental property or a business that is claiming heavy losses, you can also end up with 0 tax liability and cannot claim any credits any more. Nonrefundable credits are meant to lower or eliminate your tax liability but will not generate additional refund because you cannot have negative tax liability.

emc011075
emc011075, Tax adviser
Category: Tax
Satisfied Customers: 3,983
Experience: IRS licensed Enrolled Agent and tax instructor
Verified
emc011075 and 87 other Tax Specialists are ready to help you
Ask your own question now
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a tax professionalLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask emc011075 Your Own Question
emc011075
emc011075
emc011075, Tax adviser
Category: Tax
Satisfied Customers: 3,983
3,983 Satisfied Customers
Experience: IRS licensed Enrolled Agent and tax instructor

emc011075 is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
I am planning to buy a house in California. Currently the
I am planning to buy a house in California. Currently the house has solar panel which is on lease! The current owner has taken financing on the solar panels! If I pay off the finance amount at the tim… read more
emc011075
emc011075
Tax adviser
Bachelor's Degree
3,983 satisfied customers
This is about Residential Energy Credits, Form 5695. I and
This is about Residential Energy Credits, Form 5695. I and my husband rent a house from my mother in law. We are thinking about installing solar panels to the house. My mother in law does not get a ta… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor\u0027s Degree
1 satisfied customers
I would like to have a solar energy system for my home and
I would like to have a solar energy system for my home and have a proposal for a system that costs $50,000. The tax rebate would be about $15,000. Our daughter, who lives with us, wants to buy it for … read more
emc011075
emc011075
Tax adviser
Bachelor's Degree
3,983 satisfied customers
I would like to know what kind solar panel rebate one should
I would like to know what kind solar panel rebate one should get back for installation of solar panels… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I've been considering getting a solar panel system but have
I've been considering getting a solar panel system but have heard different things from the solar panel company and on the internet about the order in which federal, state, county incentives are appli… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I am looking at starting a solar power company providing
I am looking at starting a solar power company providing solar power systems to residential customers in TX. I need to find out if my company can monetize the 30% investment tax credit and the acceler… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,674 satisfied customers
I starting purchasing my solar panel in November of 2014 but
I starting purchasing my solar panel in November of 2014 but they won't be installed until next week due to delays. Can I claim the panel in my 2014 tax return?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I am leasing solar panels from solar city on my home. They
I am leasing solar panels from solar city on my home. They had me sign over my tax rebate to them when I signed the contract. Recently, a couple of people in my neighborhood (who also installed solar)… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,674 satisfied customers
We installed $65,000 worth of solar panels. The local utility
We installed $65,000 worth of solar panels. The local utility gave us a rebate check for $40,000. How do we declare this as income? Is it Capital gains? Short term or long term? The solar panels are l… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
can you claim and recieve the full federal (30%) and state
can you claim and recieve the full federal (30%) and state (Hawaii) tax rebates on photovoltaic supplies that you purchase yourself, as oppose to hiring a contractor to do the work. example; if I boug… read more
Dave CPA
Dave CPA
Master's Degree
69 satisfied customers
What is Hawaii state tax law converning the purchase and installation
What is Hawaii state tax law converning the purchase and installation of a residential solar electric system?… read more
Zhannaxena
Zhannaxena
42 satisfied customers
Is the 35% tax credit for a solar system a refundable tax credit
Is the 35% tax credit for a solar system a refundable tax credit or is the 24.5% tax rebate a refundable one?… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
In 2011 I installed a solar electric system on my main residence.
In 2011 I installed a solar electric system on my main residence. 2 questions: 1. Do I get credit for the entire installation cost of the system - Permits, installation fees, Wiring, upgrade to the AC… read more
abci168
abci168
Principal
27 satisfied customers
http //www.dsireusa.org/incentives/incentive.cfm Incentive_Code CA167F&re 1&ee 1
http://www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=CA167F&re=1&ee=1 is the feed-in-Tariff for excess generation of a solar system in California taxed as income?… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
if i install a solar electric system on my home cost around
if i install a solar electric system on my home cost around 50k, and take the tax credit, i think over a few years. do i qualify for the federal credit of 1500.00 still if i install high efficency air… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I have a solar tax credit question mainly for the state of
I have a solar tax credit question mainly for the state of Arizona . I sell solar hot water systems and I show the customer what to expect to be their final cost or out of pocket expense after all Pow… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
what exactly is the 30% tax credit for commercial solar ...
what exactly is the 30% tax credit for commercial solar power systems and how is it applied. If i owned a mini-mart, how would i apply this tax credit and how long would i have to use it?… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
Is there any tax breaks for heating, water when building a new home
My husband and I are buying the home next door, tearing it down and building a pool house and indoor swimming pool with patio. Are there any tax breaks for heating, water, or is there anything we shou… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x