Bilal Quadri
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Bilal Quadri
@bilalquadri.com
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Right now, there are tax credits for 30% of your home energy backup spend for solar and battery storage that is at least 3kWh. Next time you file taxes, you'll get almost a third of this money back.
The image is a screenshot of text that says: You take the amount of your Residential Clean Energy Credit directly off your total tax, rather than as a deduction from your taxable income. If the credit exceeds the amount of ‌income tax you owe, the credit can take your liability to zero, but you can't use the credit to get money back from the IRS. However, you can carry the unused portion of the credit over to the following tax year.
November 28, 2024 at 9:56 PM