2024 Tax Credits For Solar Panels

2024 Tax Credits For Solar Panels. To claim your tax credit for solar panels, you must file form 5695, residential energy credits, along with form 1040, for the year the panels were installed. The tax credit for solar panels is applied when filing your 2024 federal income taxes.

The solar tax credit covers any product that directly connects to your solar power system or is needed for the installation, such as solar panels, mounting equipment, inverters, wires, and battery storage systems. The credit equals 30% of the costs of new, qualified clean energy property for your home installed anytime from 2022 through 2032.