You must file the credit on your federal return which will translate to your Utah return. To claim the credit, you must file IRS Form 5695 as part of your tax return. You'll calculate the credit on Part I of the form, and then enter the result on your 1040. If in 2021 you end up with a bigger credit than you have income tax due — a $3,000 credit on a $2,500 tax bill, for instance—you can't use the credit to get money back from the IRS. Instead, you can carry the credit over to tax year 2022. If you failed to claim the credit in a previous year, you can file an amended return.Currently, the residential solar tax credit is set to expire at the end of 2023. If you're thinking about adding solar energy to your home, now might be the right time to act Use this link for additional information: .Credit for Residential Energy Credit

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How do I add my TC-40A to my Utah return for Solar Install?

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January 31, 2022
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Cynthiad66

You must file the credit on your federal return which will translate to your Utah return.

To claim the credit, you must file IRS Form 5695 as part of your tax return. You'll calculate the credit on Part I of the form, and then enter the result on your 1040.

If in 2021 you end up with a bigger credit than you have income tax due — a $3,000 credit on a $2,500 tax bill, for instance—you can't use the credit to get money back from the IRS. Instead, you can carry the credit over to tax year 2022.
If you failed to claim the credit in a previous year, you can file an amended return.

Currently, the residential solar tax credit is set to expire at the end of 2023. If you're thinking about adding solar energy to your home, now might be the right time to act

Use this link for additional information: .Credit for Residential Energy Credit

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