Question

I had solar panels installed on our home this past year. Do I put the total amount financed for the panels or just the amount we paid towards the loan for 2024?

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You enter the full purchase price to include installation costs

You will enter the total amount financed. When you take on the loan, it is treated the same as if you paid it in full.

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Okay, I did. I am only getting a portion of the credit. The remainder is going to roll over. Can you explain this to me?

If the tax credit reduces your tax liability on your 2024 tax return to 0 (zero) the remainder of the credit is rolled over to the next tax year.

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