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Power credits from your power company are an economic benefit that is received when you provide power to the power grid. Economic benefits and "barter exchanges" are taxable. We recommend that taxable transactions be reported on your income tax return. 

When using code section 48, the owner of the solar system must own the system for 5 years to avoid credit recapture. If an owner sells or disposes of the system within 5 years of claiming the credit, 20% of the credit is recaptured for every year the credit is not under the original purchaser's ownership. (Example - owner sells the system after two years of ownership. - Recapture would be 60% of the credit = 3 years X 20% per year.)

If you use section code 25, the unused portion of your credit will carry forward as long as the incentive program lasts. If you use section 48 to claim the investment tax credit, the unused portion of your credit will carry forward for 20 years before a penalty is imposed. The remainder of the credit will carry forward indefinitely. 

If you use section 25 to claim your investment tax credit - no. If you use section 48 to claim your investment tax credit, you will pay back 20% for each year or partial year that you did not own the system (up to 5 years). 

If your system qualifies for the incentive tax credit under code section 25, no. If your system qualifies  under section 48 and was installed after February 23, 2023 - yes .  We recommend asking an investment tax credit broker or lawyer for specific contracts and advice before you sell your investment tax credit. We recommend websites like cleanenergymarketplace.com to research rules and current values before you sell your credit.

If you use section 25 to claim your investment tax credit - no. If you use section 48 to claim your investment tax credit, you will pay back 20% for each year or partial year that you did not own the system (up to 5 years). 

No, depreciation deductions are not transferable.Only an owner of the equipment can deduct the cost of their solar equipment using depreciation.

As a cash-basis taxpayer, you will only be able to deduct interest that was actually paid throughout the year.

Many customers choose to amend their prior year tax forms when they discover the benefits they missed on their original filing.

It cannot be used to offset my net investment income tax (NIIT) liability, net investment income tax (NIIT) liability, state taxes, employment tax, payroll tax, or tax penalties.