Master Thread: Energy products and Tax discussions

[arnolddeleon]

This is not tax advice; you should probably talk to your accountant. My recollection is you can claim the credit when you "put it into service". Assuming you are allowed to turn the system on in Dec 2022 post inspection and probably just "not export" to the grid then you likely can "put it into service" in 2022.

 

[h2ofun]

Hi, I am in the process of having a 12kW solar system + 4 PWs installed at the beginning of December, with all required inspections completed by Dec 20th but PTO will most likely be done in January. Can I claim the 30% Solar tax credit for tax year 2022? Thanks!

When you pay for it is what I have been told

 

[sunwarriors]

To confuse you even more, I went with when I got PTO

It didn't affect me since I had months to get PTO and got it in about a week.

Reason being is because if you never get PTO, then the solar system is worth less compared to someone else and you can't export so it's not really fully in service. Many companies seem to require full payment after post inspection so that's probably a good milestone.

This means it's anyone's guess and whatever IRS wants to challenge what "put into service" really means.

 

[CrazyRabbit]

I believe you don’t pay until you get PTO with Tesla. But I believe it isn’t until you get PTO.

 

[jjrandorin]

I believe you don’t pay until you get PTO with Tesla. But I believe it isn’t until you get PTO.

Unless something has drastically changed, tesla required payment before filing with PTO with the utility.

This question comes up pretty much every november (ish), and from what recall, the operative words are "Put into service" as @arnolddeleon said. Its vague as to what that actually means.

 

[h2ofun]

I believe you don’t pay until you get PTO with Tesla. But I believe it isn’t until you get PTO.

I had to pay 90% before they would schedule a final inspection which is happening today. I pay rest after PTO I believe. Will be all paid before end of year

 

[CrazyRabbit]

I had to pay 90% before they would schedule a final inspection which is happening today. I pay rest after PTO I believe. Will be all paid before end of year

You're a non Tesla install if I’m not mistaken.

 

[h2ofun]

You're a non Tesla install if I’m not mistaken.

yep non tesla