Access Denied
IMPORTANT! If you’re a store owner, please make sure you have Customer accounts enabled in your Store Admin, as you have customer based locks set up with EasyLockdown app. Enable Customer Accounts
Solar Tax Credit
Your new power system may qualify you for the federal residential energy tax credit. Share the information below with your tax professional as you prepare for your filing to find out if you qualify.
What is the Solar Tax Credit?
If you install solar energy equipment through the end of 2032, you may be entitled to a non-refundable credit off your federal income taxes, equal to 30% of the cost of the entire power system we install with tax.
What do I need to claim the credit?
You'll need the receipt for your purchase and installation and you or your tax professional will be filing IRS Form 5695 along with your personal tax return.
Is it really necessary to talk to a tax professional?
Yes. At RoamRig, we're not tax professionals. You should talk to your accountant to make sure you are eligible. Is the vehicle titled in your name or in the name of a holding entity like an LLC or a trust? Is the vehicle used for recreation or business? Your accountant will need to know these things.
Your accountant will also have guidance as to what (if anything) you must do with your existing solar panels in order to qualify the RoamRig power system as supporting equipment to qualify the entire system for the residential solar tax rebate. It is up to you and your accountant to make sure that your system is fully qualified per law should you get audited and have to defend the tax credit that you took.
Links for reference:
- Information on completing Form 5695 from the IRS website.
- Tax Queen: Solar Enegry Credits
- Go Power Solar: US residents could receive tax rebates on solar power solutions for RV
- AM Solar: Solar Investment Tax Credit
- Go Green Solar: Your complete guide to the Federal Solar Tax Credit
Invalid password
Enter