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Tax Guy: This is one of the sweetest tax breaks around

One of the residential energy tax credits expired at the end of 2016, but it had a lifetime limit of only $500. So it was basically a waste of space in our beloved Internal Revenue Code. Meanwhile, another much more lucrative credit for solar energy equipment is still available. Here’s what you need to know to cash in.

Solar energy credit basics

You can claim a federal income tax credit equal to 30% of your expenditures to buy and install qualifying energy-saving solar equipment for your home. Since this stuff is expensive, it can generate big credits. And there are no income limits.

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