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Form 8835 Fill in Version Renewable Electricity Production Credit

Form 8835 Fill in Version Renewable Electricity Production Credit

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Instructions and help about Form 8835 Fill in Version Renewable Electricity Production Credit

hi I'm Alex from energy sage and I'm one of our senior researchers here to talk to you about [Music] taxes taxes can be an intimidating topic that feel confusing for most of us so today I'm going to explain what you need to know about the federal solar tax credit so you can feel confident you're doing it right when you file your taxes if you installed solar panels this year you're eligible for the solar tax credit no matter where you live there's no income limit for the tax credit so no matter what tax bracket you're in you can claim it the solar tax credit is also commonly referred to as the investment tax credit or ITC so if you hear people talking about the ITC they're talking about the solar tax credit the ITC is especially valuable to you as a homeowner because a tax credit is a dollar for dooll reduction of your income taxes the solar tax credit allows you to Wim 30% of the total cost of your solar panel installation

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