Resource Details
Energy, Sustainability
Federal Tax Credit for Solar Photovoltaics
The federal residential clean energy credit is a tax credit that can be claimed on federal income taxes for a percentage of the cost of a clean energy system paid for by the taxpayer.
The installation of the system must be complete during the tax year.
After seeking professional tax advice and ensuring you are eligible for the credit, you can complete and attach IRS Form 5695 to your federal tax return (Form 1040 or Form 1040NR). Instructions on filling out the form are available on the website linked under "more information."
Eligibility
Eligible applicants must meet the following criteria:
Your clean energy system was installed between January 1, 2022, and December 31, 2032.
The system is located at a residence of yours in the United States.
The clean energy system is new or being used for the first time. The credit can only be claimed on the “original installation” of the solar equipment.
Eligible expenses include:
- Solar electric panels
- Solar water heaters
- Wind turbines
- Geothermal heat pumps
- Fuel cells
- Battery storage technology (beginning in 2023)
Top Benefits
- There is no maximum amount that can be claimed
U.S. Department of Energy
The Department of Energy is delivering a clean energy future that creates good-paying, union jobs for communities in every pocket of the United States.
Contact
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