Tuesday, March 12, 2019

30% Solar Tax Credit Received

Hooray!  My 30% solar tax credit finally arrived!  Note that I filed my federal taxes in late January 2019 and I received my tax refund nearly 13 months after my solar array started generating electricity in Feb. 2018. If I had a solar loan with my installer, at this point I would be obliged to pay the 30% tax credit towards the loan.  Since I took out a home equity loan, I can, of course, use it to pay down the balance. For the moment, I am leaving it in my “rainy day” fund at Kearny Bank at 3% interest.

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