Question

Do solar panels qualify as an alternate energy device?

Forum|Forum|1 year ago
February 20, 2025
1 reply
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Does Idaho offer a tax credit for solar panels?

Idaho offers a tax deduction (not a tax credit) for solar panels!

The residential alternative energy tax deduction allows taxpayers an income tax deduction of 40% of the cost of a solar, wind, geothermal, and certain biomass energy devices used for heating or electricity generation. This can be applied in the year that the energy system is installed. 20% can be deducted each year for an additional three years. The maximum deduction in any one year is $5,000. The total maximum deduction is $20,000.

For more details, check out this resource and scroll down to Tax Credits and Deductions.

[Edited 02/19/2025 | 2:15 pm PST] @broadfoots