Tax in Action: Practical Strategies for Tax Pros

Clean Energy Tax Credits: What Qualifies and What Doesn't

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Solar installations create valuable tax benefits, but determining eligible expenses requires careful analysis. Jeremy Wells breaks down the Residential Clean Energy Credit under IRC Section 25D, explaining which costs qualify, how to handle roof modifications, and when the credit can be claimed. The episode provides essential guidance for tax professionals encountering clean energy improvements on client properties.

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  • (00:00) - Welcome to Tax in Action
  • (00:24) - Client's Solar Panel Installation Scenario
  • (01:54) - Understanding the Solar Tax Credit
  • (05:22) - Qualifying Properties and Expenses
  • (12:43) - Business Use and Allocation at Residence
  • (15:13) - Calculating Qualifying Expenditures
  • (36:43) - Timing and Reporting the Credit
  • (42:23) - Summary and Final Thoughts
  • (50:36) - Conclusion and Next Steps

    • Connect with Jeremy
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    Tax in Action: Practical Strategies for Tax ProsBy Jeremy Wells, EA, CPA
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