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January 26, 2025
Question

can we claim solar panels installed in 2023?

  • January 26, 2025
  • 1 reply
  • 0 views
We did not claim an energy credit for solar panels installed in Feb. of 2023. Can I claim expenses in 2024. We are on a payment plan.

    1 reply

    DoninGA
    Employee
    January 26, 2025

    The solar system that was completed in 2023 can only be entered on the 2023 tax return.  You enter the total cost of the system for the credit.  Your payments on a loan are not entered on the tax return.

    You will need to amend the 2023 tax return that was filed.

     

    See this TurboTax support FAQ for amending prior year tax returns - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-change-correct-return-already-filed/L4VjJ9BA2_US_en_US?uid=m6d0th8t