can you claim solar panels on tax
The Credit. The Energy Star tax credit lets you deduct 30 percent of the cost of solar-power systems or solar water heaters. As it's a credit, the money comes right off your tax bill, rather than your taxable income. Unlike some credits, there's no dollar limit on how big an amount you can claim.If the credit is bigger than your tax bill, the excess isn't refundable. Instead, you carry it forward to next year and deduct it again.he Energy Star tax credit lets you deduct 30 percent of the cost of solar-power systems or solar water heaters. As it's a credit, the money comes right off your tax bill, rather than your taxable income.