Builder Installed New Home Solar Tax Credit

A

abhinata

New member
As folks are getting ready to file taxes, I am sure they must have this question if they bought a new home. For a Brand new home in Irvine, if a builder installs solar, who takes the Solar Tax credit? Builder or Owner?

What documents he/she need from the builder to take this credit?

Who should they contact? Installation company or SCE?

Any local State credit available and what documents are required?

The answers to some are available on the web but not about New builder homes.

Appreciate any insights and apologies if this is answered elsewhere.

Cheers!
 
Of course owner takes the federal credit if it's an option that owner paid for. In your contract, it would list the cost of the solar option that owner paid for.
 
A couple of additional questions -
1. Does it matter if the home is bought as primary residence or investment property when claiming the credit?
2. Is there any limit on the number of claims or amount claimed in a given year?
 
homesweethome said:
A couple of additional questions -
1. Does it matter if the home is bought as primary residence or investment property when claiming the credit?
2. Is there any limit on the number of claims or amount claimed in a given year?
Click to expand...
You should be seeking your CPA for answers to these questions tbh
 
There is no annual or lifetime line of the federal solar tax credit that you can claim but it has to be on a home that you live in, either a primary residence or a second/vacation home. You can not claim the federal solar tax credit on rental properties.
 
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