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I am installing solar panels in the state of NY and need
Hello, I am installing solar panels in the state of NY and need more information regard the tax credit. … read more
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I installed Qualified Solar Electric property on my home. I
Hi, I installed Qualified Solar Electric property on my home. I made it as loan over 10 years (118 months). How much is the cost should I report in my tax return form 1040? It the entire price of the … read more
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I have a client that wants to claim the 5695 solar panel
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Thanks for your quick response on my last question. Here's a
Hi Again! thanks for your quick response on my last question. Here's a new one: Tax Payer (TP) 2018 paid $35,784 K for solar panels on home. TP claiming the Residential Energy Credit $10,735. Also ren… read more
Stephen G.
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My client installed solar panels. The total cost is $36,
My client installed solar panels. The total cost is $36, 270. Her monthly payment is $151.12.What form(s) on the 1040 and IT-201 are to be filled out?… read more
Barbara
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We should be getting a residential energy tax credit (form
Hi! We should be getting a residential energy tax credit (form 5695) for our solar panels purchased in 2018, but turbotax is saying we can't get it. It seems to be because we are receiving a child tax… read more
Tax.appeal.168
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I usually overpay my taxes. I am thinking about installing
I usually overpay my taxes. I am thinking about installing solar panels. If I do, can I still claim a solar credit for the taxable year or does the fact that I am getting a refund for my tax overpayme… read more
James Daloisio
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I HAVE A CLIENT THAT BOUGHT A HOME WITH HER MOM, THE MOM
I HAVE A CLIENT THAT BOUGHT A HOME WITH HER MOM, THE MOM CLAIMS THE MORTG INTEREST, THE DAUGHTER JUST PUT IN SOLAR ENERGY PANELS CAN SHE JUST WRITE ONLY THE ENERGY CREDIT FORM 5695 WITH OUT HAVE A SCH… read more
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My client installed solar panel on their house for
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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
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Client rec'd 30% credit for solar panels installed in 2014.
Client rec'd 30% credit for solar panels installed in 2014. He installed more solar panels in 2017, can he take the 30% credit again in 2017? Thank you, Fred… read more
Mark D
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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
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I have a client that is leasing solar panels Are there any
I have a client that is leasing solar panels Are there any Federal Or NYS credits available for leasing Solar… read more
Robin D.
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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
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home energy credit for solar panel should be 10k, but I am
home energy credit for solar panel should be 10k, but I am only receiving 1600, is there a way to receive the full amount?… read more
Lane
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I want to install solar panels using a tax shelter investment
I want to install solar panels using a tax shelter investment that is not making very much money on $60,000. I am guessing probably $25,000. Is it cheaper to use this investment cash or would I be bet… read more
PDtax
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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
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