07/07/2024
Today topic is Solar credits. Beware of Solar Salesman telling you will recieve the Federal Solar tax credit when in fact most don’t even qualify. If you are considering Solar I highly recommend you reach out to your tax professional and hopefully they can determine is you qualify to recieve for a Solar tax credit. FYI tax credits are taken in order. First credit is if you have dependents then it is the child tax credit then if you have dependents going to college then the education credit is next. Whatever tax liability left over, if any can be taken for solar tax credit. The tax credit can be recouped over five years. So with these credits, most people cannot take the opportunity for solar credits. Need more information IM me.