Solar credits

Solar tax credits are non-refundable. This means you can only get the credits if you owe taxes and this eliminates the lower half of all those earning an income. Once again it is a tax break for the rich. If you spend $60,000 on solar panels you get a 30% tax credit which means you can deduct $18,000 from the taxes you owe. If you owe $5,000 in taxes that is your maximum credit. If you own zero taxes you get zero credits. Some tax credits are refundable. The child tax credit of $2,000 per child is given if you don't own any taxes.