Federal Domestic Hot Water Tax Credit Information
Every homeowner who purchased a Solar Electric or Solar Domestic Hot Water system during the 2022 tax year is eligible for an income tax rebate from the Internal Revenue Service. To receive this rebate, IRS Form 5695 must be filled out and filed with your tax return. A copy of IRS Form 5695 is available for download below.
Please note the Inflation Reduction Act has increased the credit amounts. This increase is retroactive for all systems installed during the 2022 calendar year. For all systems installed during 2022, the IRS will credit your income tax with 30% of the installation cost.
Please be sure to follow the instructions on the form correctly, and always consult with your tax advisor.
Please feel free to contact Solar Living if you have any questions.
Last updated 2/1/2022 10:00:00 AM
|IRS Form 5695 (2022 Tax Year) 0.09 MB|