Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

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

proxybox
Level 1

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!

0 Cheers
1 Best Answer

Accepted Solutions
dkh
Level 15

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

View solution in original post

4 Comments 4
dkh
Level 15

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

itonewbie
Level 15

Yes, provided all the other conditions are met.

---------------------------------------------------------------------------------
Still an AllStar
proxybox
Level 1

Conditions? Do you mean credit limitations worksheet? 

0 Cheers
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