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08-01-2016, 09:52 AM
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#1
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D333RLT Tower
Texas Boomers Club Entegra Owners Club
Join Date: Jun 2009
Posts: 2,075
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Tax credit for solar system?
I am seeing conflicting reports of whether one can claim 30% tax credit for a solar system installed on a qualified secondary home (RV with toilet, cooking facilities etc.) Have you successfully claimed this credit?
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[COLOR=red]2022 KZ Durango D333RLT
[FONT=Arial][COLOR=red] Towed by2022 F-250 Lariat 7.3 Godzilla gas 10 speed , Texas Boomers RV Club
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08-01-2016, 11:05 AM
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#2
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Senior Member
Join Date: May 2009
Location: Mariposa, CA
Posts: 3,928
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We did a few years ago. The law has changed, see Tax Credit — AM Solar
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2003 - 2010: 2004 35' National RV Sea Breeze LX 8341
2010 - 2021: 2001 41' Newmar Mountain Aire 4095
2021 - ???? : 2001 31' National RV Sea View 8311
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08-01-2016, 11:12 AM
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#3
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Senior Member
Monaco Owners Club Forest River Owners Club
Join Date: Jul 2012
Posts: 3,325
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I did just this year .. ( last years taxes) Totaled all the parts I bought and gave the numbers to our accountant. Which he deducted with no problem.
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2023 Coachmen Encore 325SS
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08-01-2016, 11:34 AM
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#4
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Senior Member
Gulf Streamers Club
Join Date: Jan 2012
Location: Cincinnati
Posts: 19,925
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Bob & Donna
'98 Gulf Stream Sun Voyager DP being pushed by a '00 Beetle TDI
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08-01-2016, 11:39 AM
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#5
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Senior Member
Fleetwood Owners Club Ford Super Duty Owner
Join Date: Jun 2012
Location: SoCal
Posts: 15,749
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Yup. Doable.
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Vince and Susan
2011 Tiffin Phaeton 40QTH (Cummins ISC/Freightliner)
Flat towing a modified 2005 Jeep (Rubicon Wrangler)
Previously a 2002 Fleetwood Pace Arrow 37A and a 1995 Safari Trek 2830.
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08-01-2016, 12:06 PM
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#6
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Senior Member
Join Date: Apr 2010
Location: Western NY
Posts: 3,809
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Yes, you can take the credit. Make sure you have all the documentation that shows how much you have spent to put solar on your rig. If you ever got audited you would need the documentation.
Remember this is not a deduction, but rather a tax credit. In other words you do not have to itemize to take advantage of the credit. You get the credit directly against your federal income taxes.
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2018.5 Entegra Aspire 44R-Sold, 2019 Chevy Blazer-Sold. 2022 Genesis GV-80.
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08-03-2016, 09:23 AM
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#7
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D333RLT Tower
Texas Boomers Club Entegra Owners Club
Join Date: Jun 2009
Posts: 2,075
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Quote:
Originally Posted by wnytaxman
Yes, you can take the credit. Make sure you have all the documentation that shows how much you have spent to put solar on your rig. If you ever got audited you would need the documentation.
Remember this is not a deduction, but rather a tax credit. In other words you do not have to itemize to take advantage of the credit. You get the credit directly against your federal income taxes.
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Any advice on how to handle question at line 17a, Form 5695 that asks if improvements were to your main home in USA? If no, says you can't take the credit. I am not going to lie to the IRS.
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[COLOR=red]2022 KZ Durango D333RLT
[FONT=Arial][COLOR=red] Towed by2022 F-250 Lariat 7.3 Godzilla gas 10 speed , Texas Boomers RV Club
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08-03-2016, 09:47 AM
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#8
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Senior Member
Gulf Streamers Club
Join Date: Jan 2012
Location: Cincinnati
Posts: 19,925
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Quote:
Originally Posted by dlovitt
Any advice on how to handle question at line 17a, Form 5695 that asks if improvements were to your main home in USA? If no, says you can't take the credit. I am not going to lie to the IRS.
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I think you'll have to look deeper into the forms. No one said ' main home,' an RV qualifies as a ' second home.' Consult a tax professional to see how it's done.
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Bob & Donna
'98 Gulf Stream Sun Voyager DP being pushed by a '00 Beetle TDI
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08-03-2016, 10:51 AM
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#9
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Senior Member
Join Date: Apr 2010
Location: Western NY
Posts: 3,809
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The main home question doesn't have anything to do with your solar installation. That question is in regards to qualified fuel cells which is a whole different animal. You are fine taking the credit on your RV assuming you bought the solar in 2016.
If you check out the instructions to the form you'll see that the instructions say that the solar does not have to be on your primary home.
Hope that helps.
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2018.5 Entegra Aspire 44R-Sold, 2019 Chevy Blazer-Sold. 2022 Genesis GV-80.
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08-03-2016, 11:39 AM
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#10
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Senior Member
Join Date: Jun 2016
Location: South Jersey
Posts: 113
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It also does not mater when you buy the equipment, you can take the total costs as basis on the year you install.
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08-04-2016, 06:36 AM
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#11
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Senior Member
Join Date: Apr 2010
Location: Western NY
Posts: 3,809
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Quote:
Originally Posted by Sehc
It also does not mater when you buy the equipment, you can take the total costs as basis on the year you install.
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You are correct Sehc. I should have noted that in my post. The rule is date placed in service or installed and used to be more precise.
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2018.5 Entegra Aspire 44R-Sold, 2019 Chevy Blazer-Sold. 2022 Genesis GV-80.
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08-04-2016, 09:47 AM
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#12
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Community Moderator
Join Date: Sep 2011
Location: Between the Oceans
Posts: 8,026
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i read that it does not limit to a brand new install. as only as you buy a single piece of panel for your install or upgrade, it qualifies the credit.
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Steven & Polly
2000 Country Coach Intrigue 40' ISC 350
2018 Ford Explorer 4WD
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08-04-2016, 10:07 AM
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#13
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Member
Fleetwood Owners Club Freightliner Owners Club
Join Date: Sep 2015
Posts: 72
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Solar deduction
Has anyone tried to deduct the labor to install the solar system?
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Droski
2021 F250 PowerStroke
2022 Arctic Fox 27-5L
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08-04-2016, 10:12 AM
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#14
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D333RLT Tower
Texas Boomers Club Entegra Owners Club
Join Date: Jun 2009
Posts: 2,075
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Quote:
Originally Posted by Droski
Has anyone tried to deduct the labor to install the solar system?
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It's technically a credit. If your labor, don't think so. If you paid someone to install, it should be a part of your cost of which 30% can be used as a credit against your tax liability.
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[COLOR=red]2022 KZ Durango D333RLT
[FONT=Arial][COLOR=red] Towed by2022 F-250 Lariat 7.3 Godzilla gas 10 speed , Texas Boomers RV Club
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