Not Refundable: If your total tax liability is less than the credit amount, the unused portion is not refunded as cash. Instead, it may be carried forward to offset taxes in subsequent years, depending on IRS guidelines. . The Residential Clean Energy Credit equals 30% of the costs of new, qualified clean energy property for your home installed anytime from 2022 through December 31, 2025. According to a 2024 EnergySage analysis, over 50% of U. What exactly is the Residential Clean Energy Credit? The. . In states without local solar incentives —like Georgia, Louisiana, Tennessee, West Virginia, and Arkansas—missing the tax credit could push your payback period to 15-21 years total. This article is for informational. . What you're experiencing is actually normal and just shows how the term "non-refundable" can be really confusing when it comes to tax credits! A non-refundable credit like the Residential Clean Energy Credit doesn't mean you can't get it as part of your refund. But many homeowners still have questions—chief among them: Is the solar tax credit refundable? At US Power, we're here to. .
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