Solar Rebate

[joe645]

We are seniors on fixed income plus a small annuity which we file a 1040 each year but have no tax liability. Can we still get a Solar Rebate if we have solar installed?

 

[zddoodah]

Your post doesn't appear to raise a legal issue. Reach out to a few local companies that do solar installation and ask.

 

[Taxing Matters]

We are seniors on fixed income plus a small annuity which we file a 1040 each year but have no tax liability. Can we still get a Solar Rebate if we have solar installed?

I assume you are asking about the federal tax credit for various energy saving improvements. The U.S. Department of Energy has a publication that helps explain details of the solar credit. But it is a nonrefundable credit. This means the credit can be used to reduce the tax you owe, but any extra credit does not get sent in a check to you. So if you have no tax on the return then you'll get nothing for this credit.

 

[LdiJ]

We are seniors on fixed income plus a small annuity which we file a 1040 each year but have no tax liability. Can we still get a Solar Rebate if we have solar installed?

Solar energy equipment is something that currently allows a tax credit. Unless something has recently changed that I am not aware of there is no "rebate". A tax credit is of no use to you if you have no tax liability already.

However, on the state end there might be energy rebates either through taxes or through your utility companies. Many states do offer various programs that have nothing to do with taxes.

 

[joe645]

Thanks for the replies. Living in Nevada, I don't have any state tax and our NV Entergy isn't making any offers.

 

[PayrollHRGuy]

Your post doesn't appear to raise a legal issue. Reach out to a few local companies that do solar installation and ask.

Do YOU take tax advice from hardware installation and sales companies?

 

[davew9128]

Do YOU take tax advice from hardware installation and sales companies?

You would be amazed at the BS sales pitches those companies give on solar installations, and how people literally don't understand it's a tax credit, not a rebate.

 

[PayrollHRGuy]

You would be amazed at the BS sales pitches those companies give on solar installations, and how people literally don't understand it's a tax credit, not a rebate.

I wouldn't be amazed at all.