Builder Installed New Home Solar Tax Credit

NEW -> Contingent Buyer Assistance Program
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abhinata

New member
As folks are getting ready to file taxes, I am sure they must have this question if they bought a new home. For a Brand new home in Irvine, if a builder installs solar, who takes the Solar Tax credit? Builder or Owner?

What documents he/she need from the builder to take this credit?

Who should they contact? Installation company or SCE?

Any local State credit available and what documents are required?

The answers to some are available on the web but not about New builder homes.

Appreciate any insights and apologies if this is answered elsewhere.

Cheers!
 
Of course owner takes the federal credit if it's an option that owner paid for. In your contract, it would list the cost of the solar option that owner paid for.
 
A couple of additional questions -
1. Does it matter if the home is bought as primary residence or investment property when claiming the credit?
2. Is there any limit on the number of claims or amount claimed in a given year?
 
homesweethome said:
A couple of additional questions -
1. Does it matter if the home is bought as primary residence or investment property when claiming the credit?
2. Is there any limit on the number of claims or amount claimed in a given year?
Click to expand...
You should be seeking your CPA for answers to these questions tbh
 
There is no annual or lifetime line of the federal solar tax credit that you can claim but it has to be on a home that you live in, either a primary residence or a second/vacation home. You can not claim the federal solar tax credit on rental properties.
 
Here's a fun video on what's going on Down Under as their solar homes have reached overcapacity. Have to ask: "Could this happen here?"

 
I've been shopping solar solutions and everyone is pushing batteries.

But that won't solve the peak generation times without proper transmission out of Cali.

Interesting "problem" to have.
 
The State may charge you for overproducing electricity, a storage fee, as they do in Australia (see above post - June 22nd -and video)

This may be the "frog in the pot" analog. Hey, here's rebates for solar, followed by, um, about those rebates, they must stop, to wow we can't store all this over capacity, but you can produce less if we "de-incentivise" you ...
 
There are some articles about why have rates increased if we have so much solar (leading the nation)... the explanation was that there are fixed costs that don't change and the decrease in revenue from kw usage causes an increase for people who aren't using solar.

Sort of makes sense but seems like an excuse for the utilities to just keep profiting... sort of like big oil... all these EVs in Cali yet our gas prices usually the highest in the nation.
 
I'm sure it is frustrating though with a good storage solution (batteries) it seems surmountable.

You just end up paying the fixed costs as IHO says. You are paying essentially "insurance" for backup use.

I suppose you could go "naked" with regard to risk by disconnecting from the grid? Or is that not allowed?
 
Must one be connected to a grid if you received any government (State or Fed) tax credits?

Many rural areas have homes that are 100 percent disconnected from a grid, relying on solar, batteries, and a back up generator.
 
irvinehomeowner said:
There are some articles about why have rates increased if we have so much solar (leading the nation)... the explanation was that there are fixed costs that don't change and the decrease in revenue from kw usage causes an increase for people who aren't using solar.

Sort of makes sense but seems like an excuse for the utilities to just keep profiting... sort of like big oil... all these EVs in Cali yet our gas prices usually the highest in the nation.
Click to expand...
It's just an excuse, just like how our rate magically need to increase due to budget constrain after they are sued for fire damage cause by their improper maintenance, while turning record profit just a year prior.

IIRC the maintenance cost the base rate that utility company already charging us.

The increase of EV vehicles and charging stations are actually putting a net heavier usage on the grid, not the first time I heard utility coordinator complaint about their local infrastructure being maxed out.
 
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