Can individuals claim solar energy credit using Form 3468?

Forum|Forum|11 months ago
April 12, 2025
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I'm wondering whether I can claim solar energy credit for my rental property using form 3468. I'm an individual do not have any business/trust set up. Turbotax estimates the deduction but doesn't consider it. Tried with a live expert, but she wasn't sure about how to claim that. Any help would be appreciated.

PatriciaV

Yes, individual taxpayers are eligible for the Solar Energy Tax Credit but not for a rental property. See IRS FAQ Energy Efficient Home Improvements.

Credits for Form 3468 should be entered in the Step-by-Step interview in order for TurboTax to link the related forms and schedules. This topic is found under Wages & Income >> Business Deductions and Credits >> Other Business Credits >> Investment Credits >> Add an Investment Credit.

To claim the Solar Energy Credit, enter the basis in Part VI Line 3a. (Line 1a is not applicable to 2024 tax returns.) Enter your capacity limitation on Line 3e.

You can check for the credit on Form 3880 Pt 3 Line 4a.

[edited 4/14/25 | 1:31pm PDT]

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