I'm a hundred percent disabled vet do the VA and so all my income is tax-free disability. I don't actually have a taxable income to take advantage of this, so no solar panels for me. :(
Let's say I owe 12,000 in taxes a year. I pay 14,000 from my income for the year I get back 2,000 right. If my system was 40,000 tax credit 12,000, could use that to pay for 2023 taxes up front and not get taxed on my paychecks if that makes sense?
Example if I have a system installed at a cost of $36000 dollars and pay the total price upfront. My taxable income is about 2600 dollars How long will it take to recover my expenses
I owe no taxes. Sunrun told us we WILL get $18k back which we need to forward to the bank. No I find out that was a bunch of BS since we do t owe taxes, we get nothing. However if I understand this correctly from the video, the tax credit can be applied to refund all money paid in tax throughout the year, until the credits are used up??
I'm a hundred percent disabled vet so all my income comes from on taxable disability from the VA. This tax credit screws me over because I'm not making an income that's a taxable income so if I tried to get solar panels it wouldn't help me at all. I would much rather this be asset credit that gets sent when you sign the deal for solar panels rather than some silly income tax credit. Abolish the IRS I say.
Ah your first mistake was fighting for a conutry that doesn't see u as a human they see u as a pawn on the chest board taking out other pawns so they can reach the king and the queen thanks for your service but USA isn't something I would fight for not anymore but we are all different
It is very likely that this man's government sent him to a useless war. He lost his freedom in the way. His country failed him and so are you. He put his life on the line, ofc he should get covered by his government wtf are you talking about. The internet is a nasty place @@jaege411
Would I qualify for the federal tax credit if I pay a 3rd party (Plastiq) with a credit card and then Plastiq issued a check on my behalf to the solar company? Note I am the owner of the panels.
Good question! You still get the credit regardless if you purchase the system outright or if you finance it. You will not get the credit under a lease however.
Likely your financing is set up with a target balance date about 18 months from when you signed. If you don’t make a voluntary payment of roughly 30% of your loan the monthly payment will go up due to reamortization.
@@GoGreenPost The solar company I'm working with is stating that I can have the amount of the tax credit applied to the loan for the solar panels, even if I don't have a tax liability. They're stating that the credit would just be sent to the loan company. However a CPA stated that is not the case. Any idea if what the solar company is claiming is correct and how that would work?
You have to get creative. What you do is change your status to exempt so taxes aren't taken out. Save the money that would've been taken out. When you file, you'll owe, so then the solar credit is applied and you pay the rest out of pocket. Change your tax status back to whatever you were claiming before. Take this as guidance, Always talk with an accountant. This is what I am going to ask my accountant if there's any issue.
Geeez... i hope most people pay some tax... if there are taking Federal Withholding Tax out of your pay check, and you don't have enough credits ($2000 child credit?) then you are probably paying taxes. Just because you get a refund doesn't mean you're not paying Federal Income Tax. Watch the video.
The Solar is a credit not a deduction they are different. Deductions reduce taxable income. Credits reduce actual tax liability. Example- you make 50,000 You take standard deduction of $12500 Now your taxable income is $47500 Uncle same says you owe $6000 in taxes That $6000 is your tax liability. The solar credit could be used to reduce that directly. Assuming you had a $12000 tax credit the remaining $6000 would roll to the next year.
@@arlonpurificacion6007 the video says no to that. Instead pay less taxes throughout the year by claiming higher dependents and at the end of the year you should owe so take your credit from that
If my taxes get decucted out of paycheck and I dont usually owe any taxes when I file, do I get a refund? In my senario I would be getting a loan from sunrun to do the install & purchase.
I'm not a CPA but it's not that hard to understand, maybe because I sold cars. I'll use EVs (electric vehicles) to make it simple. What most don't understand is you have a choice on how to use your credit BUT it has to be in accordance. When I sold Kias, there was a $7,500 tax credit. We would automatically apply it to the purchase of the vehicle unless a customer asked for something different. It isn't free money as some people see it as. Since the credit is for solar, you can either use it for owed taxes or directly into your solar system. It's basically you asking for them to cash out the same way you can if you have leftover credits on a utility or cellphone bill. Even easier example is cashing out your PTO at the end of the year. However, most people are bamboozled into just rolling it over each year and won't request a cash out.
I was told I was going to get 5,000 check for 3 yrs when filing taxes. I could use that money to pay down on the balance of loan or use anyway I wanted to. Lied to again…what else is new. Big waste of money.
Your best bet is to lease or do a PPA. Your incentives are: you won’t pay for the install. Your power bill will be lower. You get strict terms so your rates won’t rise like everyone else’s when energy costs continue to rise. Your price and terms are basically protected and locked in so they can’t be switched on you later.
Solar going on in March. I never owe on fed taxes. Can I claim exempt on fed for part of the year in an effort to have more money in my pocket each paycheck and then use the credit at the end of the year to cover the months I did not pay fed income tax?
Very cool! Let us know how it goes! You don’t necessarily need to “owe” federal income tax. If you pay federal income tax at all, you can use the credit towards that amount. This is true even if you are owed money on your taxes, but have paid/had taxes taken from your pay check through the year.
I learned that you will only get back taxes you back in taxes. This is where it’s bs . You will not get back anymore than you paid. But it is prorated for the next couple years, until you get the full tax credit of 30%
Yes, as long as you are referring to never owing any taxes/not being required to pay any vs not owing taxes on your tax return. If you owe money on your tax return, but have paid federal income tax, you can still get the credit. This is also true if you don’t owe anything or are owed money.
@@GoGreenPost son in essence you never get a refund with the tax credit , it only helps your tax liability ? Wow the Solar salesmen likes to me saying I would get that amount back refunded
You would get the credit amount by subtracting it from the amount of federal income tax you pay that year. To be clear, a “refund” in tax lingo means you get the amount back. For example you may get it as a check. However, I’ve noticed that many people, including solar sales people use the word refund interchangeably with tax credit. I think some may use it to mislead, but really it’s more of an issue with spoken/conversational language than anything else.
I see the tax credit is for battery storage as well, do I need to get solar panels (I already have them) or can I just get batteries only with the credit?
My father passed away and they looked at solar about 25-30 years ago and it was ridiculous plus some lack of pertinate information that I’m assuming never discussed anyways I’m pretty sure that her bills would be close to the same with some shopping around and doing most of the labor ourselves get an electrician to double check us at the end as we had to have done in Atlanta but here septic is the only worry less government ya you don’t have to have a building permit but I would always advise people not to necessarily trust someone that pretends they know it all as some building codes make a lot of sense and are in place to protect them from fly by night contractors while they inconvenience those that know what time it is as well as relieve you of some of your money while not really interested when a good time to meet is lol- city of Decatur ga - prime example- you can’t replace a window without a building permit. Quite funny/sad/wtf story as city of Decatur sky rocketed in price investors from every ware came out of the woodwork taking advantage of lots of elderly people paying nowhere near what the tear down and put up a huge house price for thier property was worth so what did they do beefed up the building inspection office and on the lookout for revenue not protecting fixed income elderly on a fixed income I was paying about $600 a month to live there but some of the folks a lot had been thier all thier lives house was paid off a long time ago and utilities sky rocketed out of control I was young I fixed mine up put an addition on and told as many people as I could what thier property was worth and at very least clean up the structure you even though they will tear it down and throw it the land fill or you will lose around $30-50.000 it’s so freaking silly as well as wasting that old heart pine and oak 2x6s to me is like a freaking sin. Sorry I took a wrong turn in Albuquerque back to my point I think she can reap the benefits at some point or me down the line surely my children her grandkids as we built this house to stand beyond 200 years at least a couple of mistakes here and there but we built it all occasionally hiring a knowledgeable friend to jump on board when we could afford to pay it.
$600 a month just taxes I’ll bet thier easily a thousand and surely utilities didn’t go down forced out of thier own neighborhood but they protected part of the section 8 that was near the square but for those of you that paid your taxes all these years helping to make it a nice place to live we’re going to financially force you out happening all over Atlanta I moved to the country good riddance no rush hour in 5 years o ya and every day clean safe air and less government everyone in general are decent people and there’s always the people that are in general a wart on the ass of society always got thier hand out trying to figure out how to do less while getting more government benefits ya the problem people if they aren’t handicapped which tons are good actors and actresses so the people paying all the taxes are supposed to take care of these useless leaches and this acceptable way of living the ignorance is passed down from generation to generation the what can you do for me. Supposed to be for people down on thier luck or handicapped folks. Our poor people have cars cell phones internet cable tv free food suprised thier not giving free gas and car maintenance. Americans need to unite turn this ship around and stop letting the media divide us republicans/ democrats your supposed to work for us the people but your more like the atf enough is enough 2nd amendment hmmm land of the free hmmmm plz plz raise your children instead of letting the tv cell phone lap top or I pad do it ya tried it it’s not working My rule was no phones at dinner table I got ignored as it was too much bickering for my ex to handle the same lady who said she couldn’t affOrd to go to work because we would lose government benefits and she wouldn’t have as much free time that’s right part of that useless in a functional society if your not a part of the solution then your a part of the problem grrrrrrdr lmao I apologize I hope someone maybe hasn’t really payed attention sees this and passes it on to someone else who needs to hear it people ised to be proud of thier work and buying made in America products TIME TO PAY ATTENTION just about everything now is made some where else and with the entitled generation on its way thier will be more on a failing system than ever before while hospitals doctors pharmacies car companies and genetically modified food producers which is what most Americans eat which makes doctors more money then pharamacies while the elite are protected the poor class explodes while getting lazier wanting more and middle class disappearing rapidly but I subscribe that thier are more good than bad people with a fair amount of know it all because some news station told me so logic and the just useless in general but we the doers the people that don’t mooch are were taught to treat people the way you want to be treated kind of simplistic logic that some people don’t get to my amazement our schools are ridiculous the public one’s getting better? Not so sure about that. A generation of children that are clueless of what sex they are which bathroom they should use and think you should defend your family with a baseball bat when that idiot with a gun might be a threat and lucky for those people we who know right for wrong will save your useless waste of space azzes and im not sorry grow a garden- pay attention- help a meighbor volunteer in your community be a part of the solution instead of the problem and of course if your able. O ya it doesn’t cost much to live in a clean place bleach and water and rags are cheap lmao this will go over so many peoples heads that still believe we landed on the moon and 9-11 was a foreign attack and Covid wasn’t a population thinner that went way wrong as they were expecting more deaths than they got and too many evil liars exposed but the media will side track the folks that in general aren’t able to pay attention unless the media holds a carrot in front of them Goff bless America which ever one you choose - I don’t care what you sleep with if you don’t push it on anyone else- I don’t care what you pray to as long as your not trying to push it down my throat - I still have hope that people will come around and we together can hopefully bring back some of the pride that was wide spread across our great nation. Ps don’t trust banks I’m just saying at least pay attention don’t support establishments that do not accept cash maybe you won’t live to regret it but I rely our kids or grandchildren will see a world where you can be erased with the delete button on cell phone or computer if money dissapears and for gdness sake if a mandatory curfew gets put in place don’t you question it just follow the carrot like a good zombi No Not You mister Biden( or any other political puppet put in place to divide us as it’s so much easier to control a divided group than a untied one. Media the most dangerous weapon we will ever see in our life yet most would have no clue as to what I’m saying and to those of you confused just stare at your phone. I am not Paul Harvey but I wish every citizen a good night and hopefully a prosperous life👍👍😁🇺🇸💪😇🤟🙏😎🤔😊
Take a look at. The long list of American companies now owned by china if it doesn’t do something to the wheels on your buds then please keep picking up trash or digging that whole or whatever lost the ability to reason or pay attention it’s scary Off the grid is cheaper in the long run and you won’t be as easily controlled- please don’t take my word for it look quick as lots of eye opening truths are monitored as we they wouldn’t want us peasant patriots to start paying more attention you don’t count if you don’t vote there’s a crock of margarine I wish was true
Look up what it takes for a human to live then go have what you breath ingest through drinking eating bathing or absorbed through the air in your location and if your not a little worried then good for you most likely you paid attention or are slowly making lifestyle changes as when they start playing god with our weather not a good for us non multimillionaire kind of folks which millionaire isn’t anywhere near what it used to mean financially speaking. Psss filter your water your air grow a healthy garden that has all the minerals and nutrients our grandparents veggies and fruits had remember? The ones that actually beefed up your immune system sort of predates say pharmacies and hospitals as they are today not terribly long ago it was more common for birthdays to happen at home hmmmm. Fluoride which is used in most city water systems and first used when hitler wanted to control the German people but no a whole generation of quack dentistry said it’s good for your teeth not a shred of fact to support that lie or the freaking mercury fillings that phased out about the time my cavity’s did just my luck among millions and millions of other people chlorine is not good for you in the levels that are in public water filter it. Teach look research and care we can’t do it alone remember what made this nation great if you don’t ask an older looks like perhaps they might have a clue individual and if the blm movement really touched your heart and your ok with millions of people using our border as a welcome Matt to come and get more benefits than existing citizens who need it ( and some that don’t) please immediately pack up and move to a sanctuary city if you get there fast enough a get a free lead collection plate deemed safe by the fda just like plastic👍🤨😝😩😢🫁🫀🦷👀
I need to find a company that can design and get permitting in Houston Texas. Do you know of a company that specifically will review equipment and apply texas solar installation laws and requirements to meet code? I would love to hie them for this step.
No video I can find helpfully explains W-2 tax credits... If my tax liability is $30k (and I've already paid 30k through my paycheck deductions and would "owe" $0 in April) and my solar ITC would be $18k, what am I getting? Am I getting a refund since I technically now would have only been liable for $12k?
sound to me like credit not rebate you need to go negative on fed. Best way to do that is changing dependents or going exempt a few months. to make sure you owe at the end of the year. You put more cash in you pocket through your checks. lest say you owe -5k for 2023 taxes. you will still have 12k solar rebate to roll over the following year. repeat the process. thats what I will be doing also consult your tax professional. Hope that helps.
If youve paid 30k in federal income tax and get18k from the solar tax incentive, you will not get a refund for that 18k. You would have to exempt the 18k from your fed income tax or increase your dependents on your w4, if you are a w2 employee, in order to get the solar credit. Again consult with your tax advisor, this is not professional advice.
Correct. The solar itc lowers your tax liability. So you woulda owed 12k instead of 30, which means you overpaid taxes and get the overage back. That’s why you get the refund back in your pocket in the form of tax return.
Sort of, but not exactly …you’ll get a credit towards your taxes and because of that you won’t have to pay out of your own pocket. That leaves you with more money that you can use towards the loan.
@GoGreenPost why does my solar company say my solar payment will go up based on how much credit I use? Doesn't that defeat the purpose of using the credit
Because that money is supposed to go back to the cost of the system. That’s why the government gave you the incentive to make solar more affordable for homeowners like yourself. If you would not have went solar you would have never got that $
If you have a past tax liability owed of 18k in 2022, get solar installed in 2023 with a tax credit of 16k and claim that credit in 2023, can that tax credit be used towards the prior years remaining tax liability from 2022?
Can I do this on my boat ? If so, When I go to fill out form 5695 it asks for an address. Do I just put the address where my boat is ? Thanks for any help.
So if I owed 34$ last year. Solar would or wouldn’t help me ..? It says it’s not refundable but you can apply to federal income taxes. I can or can’t use it on the 14k that gets taken out my paychecks year round ..? I only owed 34$ after the taxes on my w-2 were input.
You have to be careful. You are incorrect; you cannot apply this credit to W2 taxes already paid. Check form 5695 and the renewable energy worksheet if you think otherwise.
Dan, you are flat out wrong. Check the dept of energy’s homeowners guide to tax credit for a pv. Common asked questions: you can get a refund at the end of the year due to the tax credit, if the reduction in tax liability means there was an overpayment for the year.
In terms of how much you can get? No, there is no limit to how much you can get. However, the amount you will qualify for will be determined by the size/cost of your system. So if you only need a small system, you’ll qualify for less than someone with a larger, more expensive system. In addition, just because you qualify for a certain amount doesn’t mean your tax liability will be high enough to use it all.
We had one of these "free" solar companies to come to our home for one of their presentations. They informed us that it would only cost us $52,000.00 for this "free" shit. Don't fall for it!
A lot of times a home owner will spend $50k over the course of 25 years with solar but $100k absolutely no roi with their utility company. Do the math and don’t fall for this s**t^^
![The Solar Tax Credit Explained [2024]](http://i.ytimg.com/vi/ZlxSkEvlNnQ/mqdefault.jpg)
A lot of us got lied to.
😂😂😂
I'm a hundred percent disabled vet do the VA and so all my income is tax-free disability. I don't actually have a taxable income to take advantage of this, so no solar panels for me. :(
@Michael Anderson if you ever had a 401k and you withdraw you can apply the credit towards that otherwise no you are right.
@NinjaSushi2 you can write those taxes for your property taxes right?
@@NinjaSushi2if you have children maybe you can tell them
Great video!
Great explanation! Well done...
Thank you!
What if I buyout a leased solar system. Can I still get the tax credit?
What if I am getting refunds every year, do I still get that tax credit?
Let's say I owe 12,000 in taxes a year. I pay 14,000 from my income for the year I get back 2,000 right. If my system was 40,000 tax credit 12,000, could use that to pay for 2023 taxes up front and not get taxed on my paychecks if that makes sense?
I believe Yes if you change your W4 to have less taxes taken out throughout the year.
Make sense to me, not to the government. Unfortunately ur job will always deduct ur taxes unless u are an independent contractor
Example if I have a system installed at a cost of $36000 dollars and pay the total price upfront. My taxable income is about 2600 dollars How long will it take to recover my expenses
Thanks for this.
Thank you for watching! Feel free to suggest topics for future videos!
I owe no taxes. Sunrun told us we WILL get $18k back which we need to forward to the bank. No I find out that was a bunch of BS since we do t owe taxes, we get nothing. However if I understand this correctly from the video, the tax credit can be applied to refund all money paid in tax throughout the year, until the credits are used up??
Yes
I'm a hundred percent disabled vet so all my income comes from on taxable disability from the VA. This tax credit screws me over because I'm not making an income that's a taxable income so if I tried to get solar panels it wouldn't help me at all. I would much rather this be asset credit that gets sent when you sign the deal for solar panels rather than some silly income tax credit. Abolish the IRS I say.
Ah your first mistake was fighting for a conutry that doesn't see u as a human they see u as a pawn on the chest board taking out other pawns so they can reach the king and the queen thanks for your service but USA isn't something I would fight for not anymore but we are all different
I love how people complain about the government not giving them more money when 100% of their paycheck already comes from the government.
It is very likely that this man's government sent him to a useless war. He lost his freedom in the way. His country failed him and so are you. He put his life on the line, ofc he should get covered by his government wtf are you talking about. The internet is a nasty place @@jaege411
Can you get the solar tax credit on a second solar system on the same home. And can you get it on another home.
Yes and in some cases, yes. Check with your tax expert obviously.
Would I qualify for the federal tax credit if I pay a 3rd party (Plastiq) with a credit card and then Plastiq issued a check on my behalf to the solar company?
Note I am the owner of the panels.
How does this apply to buying solar through a company such as Sunpower and using financing to fund the solar installation? Thanks
Good question! You still get the credit regardless if you purchase the system outright or if you finance it. You will not get the credit under a lease however.
Likely your financing is set up with a target balance date about 18 months from when you signed. If you don’t make a voluntary payment of roughly 30% of your loan the monthly payment will go up due to reamortization.
@@GoGreenPost can you deduct the full cost of the loan or just the principle?
@@PeaceWithPracticeno, it just the 30% of the total principal amount
@@GoGreenPost The solar company I'm working with is stating that I can have the amount of the tax credit applied to the loan for the solar panels, even if I don't have a tax liability. They're stating that the credit would just be sent to the loan company. However a CPA stated that is not the case.
Any idea if what the solar company is claiming is correct and how that would work?
Tax credit doesn't mean crap to the majority to the vast majority of us. Most people in the US don't owe taxes at the end of the year.
Exactly. It's a big fu.
You have to get creative. What you do is change your status to exempt so taxes aren't taken out. Save the money that would've been taken out. When you file, you'll owe, so then the solar credit is applied and you pay the rest out of pocket. Change your tax status back to whatever you were claiming before. Take this as guidance, Always talk with an accountant. This is what I am going to ask my accountant if there's any issue.
@@louie1487that actually is a good idea if you make enough money
I don't think it's about owing money at the end of the year, but paying taxes during the year.
Geeez... i hope most people pay some tax... if there are taking Federal Withholding Tax out of your pay check, and you don't have enough credits ($2000 child credit?) then you are probably paying taxes. Just because you get a refund doesn't mean you're not paying Federal Income Tax. Watch the video.
Can I claim the standard deduction and the solar tax credit deduction? Or do I have to itemize my deductions to claim the solar tax deduction?
The Solar is a credit not a deduction they are different.
Deductions reduce taxable income. Credits reduce actual tax liability.
Example- you make 50,000
You take standard deduction of $12500
Now your taxable income is $47500
Uncle same says you owe $6000 in taxes
That $6000 is your tax liability. The solar credit could be used to reduce that directly.
Assuming you had a $12000 tax credit the remaining $6000 would roll to the next year.
If money is owed to me.. does the solar tax credit be as a tax refund?
@@arlonpurificacion6007 the video says no to that. Instead pay less taxes throughout the year by claiming higher dependents and at the end of the year you should owe so take your credit from that
@@bradleyjensen4787don't you mean 37500?
If my taxes get decucted out of paycheck and I dont usually owe any taxes when I file, do I get a refund? In my senario I would be getting a loan from sunrun to do the install & purchase.
sunrun does ppas you wouldnt get a tax credit if the system is leased
I'm not a CPA but it's not that hard to understand, maybe because I sold cars. I'll use EVs (electric vehicles) to make it simple. What most don't understand is you have a choice on how to use your credit BUT it has to be in accordance. When I sold Kias, there was a $7,500 tax credit. We would automatically apply it to the purchase of the vehicle unless a customer asked for something different. It isn't free money as some people see it as. Since the credit is for solar, you can either use it for owed taxes or directly into your solar system. It's basically you asking for them to cash out the same way you can if you have leftover credits on a utility or cellphone bill. Even easier example is cashing out your PTO at the end of the year. However, most people are bamboozled into just rolling it over each year and won't request a cash out.
I was told I was going to get 5,000 check for 3 yrs when filing taxes. I could use that money to pay down on the balance of loan or use anyway I wanted to. Lied to again…what else is new. Big waste of money.
Same here.
If your system was installed in 2022 but not turned on until 2023, does the solar tax credit still apply for 2022?
You should still get the full 30% tax credit since the extension includes 2022
@@GoGreenPost ya'll are fucking scamers
Is there an incentive for retirees who don't pay income tax?
At the federal level, no. However, your state/area/utility company may have incentives you could take advantage of.
Your best bet is to lease or do a PPA. Your incentives are: you won’t pay for the install. Your power bill will be lower. You get strict terms so your rates won’t rise like everyone else’s when energy costs continue to rise. Your price and terms are basically protected and locked in so they can’t be switched on you later.
@@keeganhughes1609 exactly how it should be done for people in that situation 👍
Solar going on in March. I never owe on fed taxes. Can I claim exempt on fed for part of the year in an effort to have more money in my pocket each paycheck and then use the credit at the end of the year to cover the months I did not pay fed income tax?
Very cool! Let us know how it goes!
You don’t necessarily need to “owe” federal income tax. If you pay federal income tax at all, you can use the credit towards that amount. This is true even if you are owed money on your taxes, but have paid/had taxes taken from your pay check through the year.
Exactly where my mind went.. Can you please let me know how this goes for you if you go through with it?
I learned that you will only get back taxes you back in taxes. This is where it’s bs . You will not get back anymore than you paid. But it is prorated for the next couple years, until you get the full tax credit of 30%
So if I never owe taxes then I’ll never benefit from the tax credit ?
Yes, as long as you are referring to never owing any taxes/not being required to pay any vs not owing taxes on your tax return. If you owe money on your tax return, but have paid federal income tax, you can still get the credit. This is also true if you don’t owe anything or are owed money.
@@GoGreenPost son in essence you never get a refund with the tax credit , it only helps your tax liability ? Wow the Solar salesmen likes to me saying I would get that amount back refunded
You would get the credit amount by subtracting it from the amount of federal income tax you pay that year. To be clear, a “refund” in tax lingo means you get the amount back. For example you may get it as a check. However, I’ve noticed that many people, including solar sales people use the word refund interchangeably with tax credit. I think some may use it to mislead, but really it’s more of an issue with spoken/conversational language than anything else.
You are correct. No big refund for solar panels. Just covers your liability if you have one.
@@ThisishowIdidit yeah I’m disappointed to find this out , I got lied to
If you are already getting your all your taxes back from income taxes without using your Solar panels. Can you hold off until the following years
4 years
I see the tax credit is for battery storage as well, do I need to get solar panels (I already have them) or can I just get batteries only with the credit?
You can get it for a battery as well. I fyou need one let me know and I can explain more to you. I can just get them for a great deal
My father passed away and they looked at solar about 25-30 years ago and it was ridiculous plus some lack of pertinate information that I’m assuming never discussed anyways I’m pretty sure that her bills would be close to the same with some shopping around and doing most of the labor ourselves get an electrician to double check us at the end as we had to have done in Atlanta but here septic is the only worry less government ya you don’t have to have a building permit but I would always advise people not to necessarily trust someone that pretends they know it all as some building codes make a lot of sense and are in place to protect them from fly by night contractors while they inconvenience those that know what time it is as well as relieve you of some of your money while not really interested when a good time to meet is lol- city of Decatur ga - prime example- you can’t replace a window without a building permit. Quite funny/sad/wtf story as city of Decatur sky rocketed in price investors from every ware came out of the woodwork taking advantage of lots of elderly people paying nowhere near what the tear down and put up a huge house price for thier property was worth so what did they do beefed up the building inspection office and on the lookout for revenue not protecting fixed income elderly on a fixed income I was paying about $600 a month to live there but some of the folks a lot had been thier all thier lives house was paid off a long time ago and utilities sky rocketed out of control I was young I fixed mine up put an addition on and told as many people as I could what thier property was worth and at very least clean up the structure you even though they will tear it down and throw it the land fill or you will lose around $30-50.000 it’s so freaking silly as well as wasting that old heart pine and oak 2x6s to me is like a freaking sin. Sorry I took a wrong turn in Albuquerque back to my point I think she can reap the benefits at some point or me down the line surely my children her grandkids as we built this house to stand beyond 200 years at least a couple of mistakes here and there but we built it all occasionally hiring a knowledgeable friend to jump on board when we could afford to pay it.
$600 a month just taxes I’ll bet thier easily a thousand and surely utilities didn’t go down forced out of thier own neighborhood but they protected part of the section 8 that was near the square but for those of you that paid your taxes all these years helping to make it a nice place to live we’re going to financially force you out happening all over Atlanta I moved to the country good riddance no rush hour in 5 years o ya and every day clean safe air and less government everyone in general are decent people and there’s always the people that are in general a wart on the ass of society always got thier hand out trying to figure out how to do less while getting more government benefits ya the problem people if they aren’t handicapped which tons are good actors and actresses so the people paying all the taxes are supposed to take care of these useless leaches and this acceptable way of living the ignorance is passed down from generation to generation the what can you do for me. Supposed to be for people down on thier luck or handicapped folks. Our poor people have cars cell phones internet cable tv free food suprised thier not giving free gas and car maintenance. Americans need to unite turn this ship around and stop letting the media divide us republicans/ democrats your supposed to work for us the people but your more like the atf enough is enough 2nd amendment hmmm land of the free hmmmm plz plz raise your children instead of letting the tv cell phone lap top or I pad do it ya tried it it’s not working My rule was no phones at dinner table I got ignored as it was too much bickering for my ex to handle the same lady who said she couldn’t affOrd to go to work because we would lose government benefits and she wouldn’t have as much free time that’s right part of that useless in a functional society if your not a part of the solution then your a part of the problem grrrrrrdr lmao I apologize I hope someone maybe hasn’t really payed attention sees this and passes it on to someone else who needs to hear it people ised to be proud of thier work and buying made in America products TIME TO PAY ATTENTION just about everything now is made some where else and with the entitled generation on its way thier will be more on a failing system than ever before while hospitals doctors pharmacies car companies and genetically modified food producers which is what most Americans eat which makes doctors more money then pharamacies while the elite are protected the poor class explodes while getting lazier wanting more and middle class disappearing rapidly but I subscribe that thier are more good than bad people with a fair amount of know it all because some news station told me so logic and the just useless in general but we the doers the people that don’t mooch are were taught to treat people the way you want to be treated kind of simplistic logic that some people don’t get to my amazement our schools are ridiculous the public one’s getting better? Not so sure about that. A generation of children that are clueless of what sex they are which bathroom they should use and think you should defend your family with a baseball bat when that idiot with a gun might be a threat and lucky for those people we who know right for wrong will save your useless waste of space azzes and im not sorry grow a garden- pay attention- help a meighbor volunteer in your community be a part of the solution instead of the problem and of course if your able. O ya it doesn’t cost much to live in a clean place bleach and water and rags are cheap lmao this will go over so many peoples heads that still believe we landed on the moon and 9-11 was a foreign attack and Covid wasn’t a population thinner that went way wrong as they were expecting more deaths than they got and too many evil liars exposed but the media will side track the folks that in general aren’t able to pay attention unless the media holds a carrot in front of them Goff bless America which ever one you choose - I don’t care what you sleep with if you don’t push it on anyone else- I don’t care what you pray to as long as your not trying to push it down my throat - I still have hope that people will come around and we together can hopefully bring back some of the pride that was wide spread across our great nation. Ps don’t trust banks I’m just saying at least pay attention don’t support establishments that do not accept cash maybe you won’t live to regret it but I rely our kids or grandchildren will see a world where you can be erased with the delete button on cell phone or computer if money dissapears and for gdness sake if a mandatory curfew gets put in place don’t you question it just follow the carrot like a good zombi No Not You mister Biden( or any other political puppet put in place to divide us as it’s so much easier to control a divided group than a untied one. Media the most dangerous weapon we will ever see in our life yet most would have no clue as to what I’m saying and to those of you confused just stare at your phone. I am not Paul Harvey but I wish every citizen a good night and hopefully a prosperous life👍👍😁🇺🇸💪😇🤟🙏😎🤔😊
Take a look at. The long list of American companies now owned by china if it doesn’t do something to the wheels on your buds then please keep picking up trash or digging that whole or whatever lost the ability to reason or pay attention it’s scary Off the grid is cheaper in the long run and you won’t be as easily controlled- please don’t take my word for it look quick as lots of eye opening truths are monitored as we they wouldn’t want us peasant patriots to start paying more attention you don’t count if you don’t vote there’s a crock of margarine I wish was true
Look up what it takes for a human to live then go have what you breath ingest through drinking eating bathing or absorbed through the air in your location and if your not a little worried then good for you most likely you paid attention or are slowly making lifestyle changes as when they start playing god with our weather not a good for us non multimillionaire kind of folks which millionaire isn’t anywhere near what it used to mean financially speaking. Psss filter your water your air grow a healthy garden that has all the minerals and nutrients our grandparents veggies and fruits had remember? The ones that actually beefed up your immune system sort of predates say pharmacies and hospitals as they are today not terribly long ago it was more common for birthdays to happen at home hmmmm. Fluoride which is used in most city water systems and first used when hitler wanted to control the German people but no a whole generation of quack dentistry said it’s good for your teeth not a shred of fact to support that lie or the freaking mercury fillings that phased out about the time my cavity’s did just my luck among millions and millions of other people chlorine is not good for you in the levels that are in public water filter it. Teach look research and care we can’t do it alone remember what made this nation great if you don’t ask an older looks like perhaps they might have a clue individual and if the blm movement really touched your heart and your ok with millions of people using our border as a welcome Matt to come and get more benefits than existing citizens who need it ( and some that don’t) please immediately pack up and move to a sanctuary city if you get there fast enough a get a free lead collection plate deemed safe by the fda just like plastic👍🤨😝😩😢🫁🫀🦷👀
Help push Solar panels We're inspired and installed during a war on terror. Inspection seems necessary. Very necessary
I need to find a company that can design and get permitting in Houston Texas. Do you know of a company that specifically will review equipment and apply texas solar installation laws and requirements to meet code? I would love to hie them for this step.
DONT GO SOLAR 100% A SCAM
No video I can find helpfully explains W-2 tax credits... If my tax liability is $30k (and I've already paid 30k through my paycheck deductions and would "owe" $0 in April) and my solar ITC would be $18k, what am I getting? Am I getting a refund since I technically now would have only been liable for $12k?
sound to me like credit not rebate you need to go negative on fed. Best way to do that is changing dependents
or going exempt a few months. to make sure you owe at the end of the year. You put more cash in you pocket through your checks. lest say you owe -5k for 2023 taxes. you will still have 12k solar rebate to roll over the following year. repeat the process. thats what I will be doing also consult your tax professional. Hope that helps.
If youve paid 30k in federal income tax and get18k from the solar tax incentive, you will not get a refund for that 18k. You would have to exempt the 18k from your fed income tax or increase your dependents on your w4, if you are a w2 employee, in order to get the solar credit. Again consult with your tax advisor, this is not professional advice.
Correct. The solar itc lowers your tax liability. So you woulda owed 12k instead of 30, which means you overpaid taxes and get the overage back. That’s why you get the refund back in your pocket in the form of tax return.
Does one have to have $30K of solar, What if I put a system in that costs me $15K
No real sense in getting an underpowered system. However if a 15K system runs your house then of course do that.
I know it’s not a tax refund but can I use the tax credit to pay down a solar loan?
Sort of, but not exactly …you’ll get a credit towards your taxes and because of that you won’t have to pay out of your own pocket. That leaves you with more money that you can use towards the loan.
@GoGreenPost why does my solar company say my solar payment will go up based on how much credit I use? Doesn't that defeat the purpose of using the credit
Why does my solar company say, if i use any of the credit, my payment will go up based on how much credit i use
Because that money is supposed to go back to the cost of the system. That’s why the government gave you the incentive to make solar more affordable for homeowners like yourself. If you would not have went solar you would have never got that $
If you have a past tax liability owed of 18k in 2022, get solar installed in 2023 with a tax credit of 16k and claim that credit in 2023, can that tax credit be used towards the prior years remaining tax liability from 2022?
Talk to your cpa about filing a 1040x which is an amended return
How do I get the tax credit?
Can I do this on my boat ? If so, When I go to fill out form 5695 it asks for an address. Do I just put the address where my boat is ? Thanks for any help.
So if I owed 34$ last year. Solar would or wouldn’t help me ..? It says it’s not refundable but you can apply to federal income taxes. I can or can’t use it on the 14k that gets taken out my paychecks year round ..? I only owed 34$ after the taxes on my w-2 were input.
In Vegas if you need solar
May not be what I thought. Who knows?
You have to be careful. You are incorrect; you cannot apply this credit to W2 taxes already paid. Check form 5695 and the renewable energy worksheet if you think otherwise.
Dan, you are flat out wrong. Check the dept of energy’s homeowners guide to tax credit for a pv. Common asked questions: you can get a refund at the end of the year due to the tax credit, if the reduction in tax liability means there was an overpayment for the year.
Community Solar link was reported as not found…
Hi! Thank you for pointing that out. The link has been updated and should be working properly now.
Funds aren’t limited on the credit correct?
In terms of how much you can get? No, there is no limit to how much you can get. However, the amount you will qualify for will be determined by the size/cost of your system. So if you only need a small system, you’ll qualify for less than someone with a larger, more expensive system. In addition, just because you qualify for a certain amount doesn’t mean your tax liability will be high enough to use it all.
Read it clearly it says panels are not included in the cost of the tax credit
We had one of these "free" solar companies to come to our home for one of their presentations. They informed us that it would only cost us $52,000.00 for this "free" shit. Don't fall for it!
Sounds like you rather pay a never ending loan with the utility company
A lot of times a home owner will spend $50k over the course of 25 years with solar but $100k absolutely no roi with their utility company. Do the math and don’t fall for this s**t^^
@@seadudeslb7918 Sounds like you are in favor of screwing a lot of people out of their money.
Does someone on Social Security get the Tax Credit ??????????
No
solar doesn't work stuck in a upcoming lawsuit