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February 12, 2024
Question

If I’m claiming my solar credit, what amount am I putting for amount paid? Loan amount? Payments amount? I’m not understanding?

  • February 12, 2024
  • 1 reply
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Just installed end of August 2023

1 reply

February 12, 2024

The amount of your claim will be your qualified solar electric property costs, which is generally the total cost of your solar installation, whether you paid for it in cash or financed it with a loan. It isn't the amount of the loan or the loan payments.

 

Please see page 2 of this IRS publication.

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