Question
In 2018, Erin purchased a solar system to generate electricity for her home, at a cost of $5,000. a. How much is her tax credit
In 2018, Erin purchased a solar system to generate electricity for her home, at a cost of $5,000.
a. How much is her tax credit in 2018?
b. If she had purchased a solar heating system for her swimming pool at a cost of $3,500, how much could she claim as a tax credit?
c. If she had purchased a $5,000 solar electric system and a $4,500 solar heating system for her principal home (not for the swimming pool), how much could she claim as a tax credit?
d. If she had purchased the electric system for her principal residence and the solar heating system for a second residence, how much could she claim as a tax credit?
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