Quote:
Originally Posted by Malsua
For what it's worth, we installed some solar tubes that qualified for a small tax credit. When I inserted it into the tax forms, I didn't get the credit because our tax liability was too low. We had a lot of deductions(First full year of my business) and credits for that year and paid very little in tax, so the credit went kaput. It was supposed to carry over to 24, but I never bothered to check.
I'm just saying that if you don't pay much in taxes, a tax credit isn't very useful.
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That is true but many are not in your situation which is why you need to look at your specific situation and see if it makes sense.
Either way, just wanted to let everyone know who do pay taxes, that the 25C Federal Tax credits are not being renewed and will go away at the end of 2025. Even if the high efficiency system you were looking at costs the same amount in 2026, it will cost $2,000 more without the tax credits.