Solar Tax Credits Explained - 2024
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Published 2024-01-26
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All Comments (21)
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Does all the solar equipment have to be brand new?
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I loved your video, I was able to understand most of the information. I would have loved if you could have a visual presentation with form 5695. I appreciate your free advice to watch out for solar venders. Thanks!!!
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Thank you, I was misled.Solar company told me in 2022 I would get $10.000 back and I could use it to pay down my solar loan or keep it. Looks like I'm not gonna get a dime cause I usually don't owe.
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Thanks dude
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are portable panels and a power station (with 3k battery setup) eligible for tax credit?
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Yes. What does it mean when the solar loaning company says you can pay them with your credit to keep the payments low on the solar loan
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can you please clarify 30 percent federal solar tax credit if its on the total value of net installation cost or minus Renewable Energy Credit ? For example if the installation cost without any incentive is 30 k and then you get energy credit 15K ... is 30 percent calculated on 30 k or 15k for federal tax credit ?
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Can you calim if buyong a house that has them installed?
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Would I qualify for the federal tax credit if I pay a 3rd party (Plastiq) with a credit card and then Plastiq issued a check on my behalf to the solar company? Note I am the owner of the panels.
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Wow. That’s cool finally I found a man in this business finally so generally I found only women
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Does the Federal Energy Community Tax Bonus Credit (10%) apply to single-family homes, if the home is located in a qualifying area?
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Hi Ryan! I have purchased solar few years(2022) back and used/claimed the fed solar tax credit. But want to add some more solar panel on the same home(primary resi)now(in 2024) since the previously installed one is not enough. Can I still get/claim federal solar credit for the ADDITIONAL solar system investment on the same home?
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Our bill just jumped huge in NorCal. I have no choice for solar.
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I withdraw $20000 from my 401k account last year and invested into a solar system for my house. Will the solar tax credit offset my tax liability for my 401k withdrawal?
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Have you taken advantage of this credit yet? It's been around for years!
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How long does the solar tax credit keep carrying forward? Forever till you have a tax liability??
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Why invest in solar panels when the sp500 out preforms solar. I just put $20k into a money market account and the monthly interest pays off the electeic bill.
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What if you get a refund on your tax return? Do you still get the dollar amount of your tax credit from solar panels?😊
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Got scammed and I got like $500 credit for a 40k system
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Do you know side hustle addict from Denver?
