We purchased and installed a 22 KW Generac whole-home generator in our main home during July 2018. Are these kinds of generators tax deductible? Total material and installation $7,500.
June 4, 2019 1:39 PM last updated June 04, 2019 1:39 PM Connect with an expert
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1 Best answerAs far as I can tell, a whole house generator can be partially deductible if it is used to power medical equipment. You can deduct the difference between the cost and the increased value to your home as a medical expense. However, you can't take a renewable energy tax credit, like you can for solar panels.
September 24, 2020 8:23 PM 16 Replies Intuit AlumniUnfortunately, there's no tax deduction available for this.
What if you are working from home and the generator is needed to power your home office when the power goes out? Would it be deductible then?
July 23, 2020 4:12 AMNo. A generator is not solar powered and doesn't meet the requirements to qualify for *any* tax breaks of *any* type on *any* return - state or federal.
July 23, 2020 6:58 AM New MemberAs far as I can tell, a whole house generator can be partially deductible if it is used to power medical equipment. You can deduct the difference between the cost and the increased value to your home as a medical expense. However, you can't take a renewable energy tax credit, like you can for solar panels.
September 24, 2020 8:23 PM