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Does the cost of tesla home batteries connected to an existing home solar system qualify for the 30% itc? If so how is the data entry done in Lacerte?D

barrey
Level 1
 
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itonewbie
Level 15

If you are referring to residential energy efficient property credit, yes, provided ALL of the power of the battery is derived from the sun per §25D(d)(2) and it is installed in a principal residence.

You'd make the input on Screen 38.2 under Residential Energy Efficient Property Credit (5695).

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Still an AllStar

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3 Comments 3
itonewbie
Level 15

If you are referring to residential energy efficient property credit, yes, provided ALL of the power of the battery is derived from the sun per §25D(d)(2) and it is installed in a principal residence.

You'd make the input on Screen 38.2 under Residential Energy Efficient Property Credit (5695).

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Still an AllStar
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khamlin
Level 1

The energy credit was to his primary home but the forms say no.  How do I change it to Yes

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PhoebeRoberts
Level 11
Level 11

The no checkbox is asking about fuel cell property. No is the correct answer when no fuel cell property is involved.