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- Click ‘Get Form’ to open it in the editor.
- Begin by entering your name(s) as shown on your tax return and your Social Security number in the designated fields.
- Indicate whether your solar energy system uses solar radiation for residential energy needs by selecting 'Yes' or 'No'. If you select 'No', you do not qualify for the credit.
- Proceed to Schedule A. Fill in the date the equipment was placed in service and the qualified expenditures. Calculate 25% of these expenditures, ensuring it does not exceed $5000.
- Complete any additional sections for power purchase agreements or leases, following the same format as Schedule A.
- In Schedule B, apply your current year credit and carryover credits from last year, following the instructions provided for each line.
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