Qualified Solar Electric Property Costs Roof

The new roof was needed for the solar installation.

Qualified solar electric property costs roof.

No costs relating to a solar panel or other property installed as a roof or portion thereof will fail to qualify solely because the property constitutes a structural component of the structure on which it is installed. If you made energy saving improvements to more than one home that you used as a residence during 2017 enter the total of those costs on the applicable line s of form 5695. Yes you can include the costs of the roof. The home doesn t have to be your main home not very clear we agree.

48 one may reasonably assume that the irs would take a position consistent with letter ruling 201523014 and only permit the incremental costs as defined in regs. This includes costs relating to a solar panel or other property installed as a roof or a portion of a roof. Qualified solar electric property costs qualified solar electric property costs are costs for property that uses solar energy to generate electricity for use in the taxpayer s home located in the united states. No costs relating to a solar panel or other property installed as a roof or portion thereof will fail to qualify solely because the property constitutes a structural component of the structure on which it is installed.

You may be able to take a credit of 30 of your costs of qualified solar electric property and solar water heating property. For commercial solar energy under sec. Qualified solar property for residential energy credit purposes includes property that uses solar energy to produce electricity for the home.