5695: Utilizing solar credit twice. Adding additional panels in subsequent year

Forum|Forum|4 years ago
April 19, 2022
2 replies
23 views

On form 5695, if one claims the credit on an initial install and then in a subsequent year decides to add more panels to increase energy production because a homeowners needs changed, can the credit be claimed on the addition?

Thanks gurus!

This topic has been closed for replies.

Best answer by dkh

Yes, there is no limit for the solar energy credit.

dkhAnswer

Level 15

Yes, there is no limit for the solar energy credit.

itonewbie

Level 15

Yes, provided all the other conditions are met.

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P

proxyboxAuthor

Level 2

Conditions? Do you mean credit limitations worksheet?

itonewbie

Level 15

Other conditions would include whether it's an original installation (in other words, new) and depending on the type of property it is, there may be more nuanced requirements (e.g. fuel cells and solar water heating properties).

---------------------------------------------------------------------------------Still an AllStar

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