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I just read an article on this website (although from 2012),
I just read an article on this website (although from 2012), that says you cannot take a section 179 deduction for solar panels on a corporate warehouse. However, our agency that we are buying the sol… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
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In relation to the federal solar tax rebate, I am being told
In relation to the federal solar tax rebate, I am being told that since I require roofing repair/ resurfacing before panel installation that both jobs are applicable tax credit. Am I being misled? … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,959 satisfied customers
I own a duplex in New Jersey. I purchased the duplex in
I own a duplex in New Jersey.I purchased the duplex in 2013, the downstairs has always been a rental.The upstairs has always been a secondary residence.Last month I had solar panels installed, and am … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
IF YOU BUY AND INSTALL SOLAR PANELS IN YOUR PRIMARY
iF YOU BUY AND INSTALL SOLAR PANELS IN YOUR PRIMARY RESIDENCE IN 2015 AND RECEIVE SOLAR CREDIT OF 30% AND THEN YOU SELL THE HOUSE. PRIOR TO SELLING THE HOUSE YOU REMOVE THE PANELS AND INSTALL THEM ON … read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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I had solar panels installed. The contract was signed in
I had solar panels installed. The contract was signed in November 2018. The panels were just Installed in February 2019. Do I claim the solar tax credit now on my 2018 Taxes (filing this month) or nex… read more
Barbara
Barbara
Enrolled Agent, Paralegal
11,770 satisfied customers
This is a very specific question regarding the solar
This is a very specific question regarding the solar investment tax credit. My client is in a federal disaster area because of Irma. She signed a contract in 2017 with Tesla for solar panels. A tree h… read more
Barbara
Barbara
Enrolled Agent, Paralegal
11,770 satisfied customers
I installed a solar unit this year. I was told there was a
I installed a solar unit this year. I was told there was a tax credit. How do I file for this? … read more
Tax.appeal.168
Tax.appeal.168
Principal
6,827 satisfied customers
I'm getting ready to install solar at my home.Do refurbished
Hello ,I'm getting ready to install solar at my home.Do refurbished or used solar panels sold from a solar panel buisness qualify for the 30 %federal tax incentive? I've been doing a lot of homework a… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,539 satisfied customers
Since I installed Solar Panels at my residence in California
Since I installed Solar Panels at my residence in California am I entitled to file a schedule C and depreciate my Solar System… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,549 satisfied customers
I want to purchase solar panels for my home from a reputable
I want to purchase solar panels for my home from a reputable installer. Before I do this, I have to replace my roof because it's almost 30 years old. Does the 30% federal tax credit apply both to the … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
We had solar installed on our main house in 2015 and are
Hi -- We had solar installed on our main house in 2015 and are paying monthly payments for 20 years. Can we deduct 30% of these yearly payments on our income tax? … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,539 satisfied customers
I live with my parents and we are thinking of having home
Hi, I live with my parents and we are thinking of having home solar system installed, can I claim the solar tax credits? looking at Form 5695 it does not say I have to own the house is this correct?Th… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,959 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
11,770 satisfied customers
I have been told by a few Solar installers that if I redo our
I have been told by a few Solar installers that if I redo our roof with an energy efficient one at the same times as the Solar I can wrap both in the 30% federal tax credit for solar as outlined on pa… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
I have a client who put solor pannels in their home.....are
I have a client who put solor pannels in their home.....are they entitled to the 30% tax credit and is it reduced by prior energy tax credits they took in 2010?… read more
Anne
Anne
Master Tax Preparer
2,551 satisfied customers
With the U.S. tax laws reguarding rebates for installing energy
With the U.S. tax laws reguarding rebates for installing energy effecient water heaters and insulation, it indicated to qualify, that the house had to be your primary residence> Can this be interpr… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 satisfied customers
I will be in a position to accrue federal tax credits from
I will be in a position to accrue federal tax credits from the installation of solar panels. I then want to convert these credits into cash. What companies handle these transactions and what is the di… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
1. how can we use our purchase of a mobile home (paid for ...
1. how can we use our purchase of a mobile home (paid for in full) on our taxes? 2. we spent 15K in remodeling our newly purchased (paid in full) mobile home. Can we claim any of that? Optional Inform… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
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