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April 2, 2023
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Do I deduct Solar Panel costs in the year they were installed or the year I paid?

  • April 2, 2023
  • 1 reply
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Greetings!  I had solar panels installed on my residence in December of 2022.  I paid half of the invoice in 2022 and half in January of 2023.  Can I deduct the whole amount of the invoice on my 2022 return, or do I need to deduct part this year and part in 2023?

 

Thank you kindly for your insights.

Dave

Best answer by DoninGA

The credit is claimed in the year when the solar installation is completed and operational.

1 reply

DoninGA
DoninGAAnswer
Employee
April 2, 2023

The credit is claimed in the year when the solar installation is completed and operational.