Solar Motor Tax Credit

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Guide To Receive Your Tax Credit

Under the Emergency Stabilization Act of 2008 and the American Recovery and Reinvestment Act of 2009 (ARRA)- Supreme Skylight lnc. Solar Powered Motors qualify under “Solar Electric Property” expenditures when purchased and installed from January 1, 2009 through December 31, 2023. This tax credit is a direct debit of the taxpayers total tax liability. The combined effect of these two laws provides a Tax Credit on both the purchase and installation of qualifying products in renewable technologies such as; Solar Electric Property, Residential Solar Water Heating, Qualified small wind energy and qualified Geothermal Heat pump energy as well as others.

  • In the case of systems placed in service 2009-2019 receive a 30% Federal tax credit.
  • In the case of systems placed in service from 2020 –2022 receive a 26% Federal tax credit.
  • In the case of systems placed in service in 2023 receive a 22% Federal tax credit.

What You Should Do After Installation

  • Keep your receipts for total price paid (invoice from contractor for product and installation) of the qualifying Supreme Skylight Inc. Products.
  • Attach receipts to a completed Manufacturers Certification Statement1 and keep for your records.

When Filing Your Taxes

  • Fill out the IRS Residential Energy Efficient Property Credit tax form 5695 (under “Qualified solar electric property cost”)
  • Submit it with your taxes. Enter this tax credit off of form 5695 on your IRS tax form 10402 (tax forms can be found at www.irs.gov).

1 IRS Notice 2009-41 suggests the taxpayer is not required to attach this certification statement to their tax return. However, the taxpayer should retain this certification statement as part of their tax records.
2 As in all tax matters, the taxpayer is advised to consult their tax professional. Supreme Skylight Inc. assumes no liability regarding the home owner’s ability to obtain tax credits.

If you have questions or concerns for any reason, please call us at (631) 738-0324.