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West Virginia Free Printable WV_Sch SETC_Solar Energy Tax Credit_.pmd for 2024 West Virginia Residential Solar Energy Tax Credit

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Residential Solar Energy Tax Credit
WV_Sch SETC_Solar Energy Tax Credit_.pmd

WV/SETC Org. 09/2009 WEST VIRGINIA STATE TAX DEPARTMENT SCHEDULE SETC RESIDENTIAL SOLAR ENERGY TAX CREDIT Last Name Your Social Security Number First Name Spouse’s Social Security Number Spouse’s Last Name - Only if different from Last Name above Spouse’s First Name Present Home Address Your Telephone Number City or Town Tax Year Zip Code State Section A: In order to claim the credit, the following information must be provided to the West Virginia Tax Department: Installation (i.e., placed in service) date: MM DD Use And Type of Solar Energy System (place an X in all blocks that apply): Use of Solar Energy System Solar Thermal System Solar Electric (Photovotaic) System Restrictions Generate Electricity Heat or Cool a Structure Structure does not include a swimming pool, hot tub, or any other energy storage medium that has a function other than storage. Additionally, system must derive at least 50% of its energy to heat or cool from the sun. Provide Hot Water for Use in the Structure or to Provide Solar Process Heat Restrictions All installations of solar thermal systems and solar electric systems must meet or exceed any code(s) adopted by the county or municipality in which the system is located. Section B: Credit available: 1. Total cost of purchase and installation: 1. $ 2. Total credit available (30% of cost, or $2,000, whichever is less): 2. $ 3. Credit claimed in prior years: a. 2009 3a. $ b. 2010 3b. $ c. 2011 3c. $ d. 2012 3d. $ e. Total (sum of amounts on lines 3a through 3d) 4. Credit available this tax year (amount on line 2 less the amount on line 3e) 3e. $ 4. $ Section C: Amount of credit applied: 5. West Virginia Personal Income Tax liability current year 5. $ 6. Solar Energy Credit to be claimed current year (enter the smaller of: (a) amount on line 4 or (b) the amount on line 5. Also enter this value on Tax Credit Recap Schedule). 6. $ 7. Credit remaining (amount on line 4 less the amount on line 6) 7. $ YYYY GENERAL INSTRUCTIONS To claim this credit, this schedule must be completed and filed with your Personal Income Tax return (IT-140). The schedule and return must be filed by the due date of the annual return without regard to extension of time for filing and payment of tax. These instructions are not a substitute for tax statutes and regulations. They are intended to facilitate the claiming of this credit. The statutes are codified at West Virginia Code 11-13Z and the regulations at 110 C.S.R. 21D § 1, et. seq. and may be obtained from the Secretary of State for a reasonable fee. Questions concerning interpretation of law or these forms and instructions should be addressed to the West Virginia State Tax Department. The Residential Solar Energy Tax Credit may be taken by any taxpayer who installs, or causes to be installed, a solar energy system on property located in this state which is owned by the taxpayer and used as a residence after July 1, 2009. The amount of the credit allowed against the taxes imposed in article twenty-one of the West Virginia Code is equal to thirty percent of the cost to purchase and install the system up to a maximum amount of $2,000. To qualify for the solar energy system tax credit, a solar energy system must: 1. Be a new and complete system able to collect, store, convert, monitor, and distribute energy to the residence it serves 2. Be installed in the immediate vicinity of the residence served such that the solar energy is delivered directly to the residence 3. Be a photovoltaic system, a solar domestic hot water system, or an active solar space heating system. SPECIFIC INSTRUCTIONS Section A: In order to qualify for the credit, the solar energy system must have been placed in service after July 1, 2009 on property located in West Virginia and used as a residence after July 1, 2009. Section B: Total cost to purchase and install shall include: - architectural and engineering services, and designs and plans directly related to the construction or installation of the solar energy system - labor costs properly allocated to on-site preparation, assembly and original installation - materials Costs shall not include such items as extended warranties, delivery fees, discounts or rebates, permit fees, operating and maintenance costs, repair costs, service contracts, supplemental heating equipment costs used with solar collectors, unpaid labor, etc. The amount of the credit is 30 percent of the total cost, up to a maximum of $2,000. The solar energy system is not eligible for the credit until it is placed in service. If the amount of the tax credit in any taxable year exceeds the taxpayer’s liability for that year, the excess may be carried over and applied as a credit against the tax liability of the taxpayer for succeeding taxable years until the earlier of the following: 1. Four taxable years have elapsed, or 2. The full amount of the excess credit is used. No carryback to a prior taxable year is allowed for the amount of any unused portion of any annual credit allowance. Application of the credit allowed in combination with all other applicable tax credits, exemptions and deductions shall not reduce the tax liability below zero, and in no circumstances be applied as a refundable credit, or result in a refundable credit. If any unused credit remains after July 1, 2014, the amount thereof is forfeited.
Extracted from PDF file 2023-west-virginia-form-setc.pdf, last modified December 2009

More about the West Virginia Form SETC Individual Income Tax Tax Credit TY 2023

The Residential Solar Energy Tax Credit may be taken by any taxpayer who installs, or causes to be installed, a solar energy system on property located in this state which is owned by the taxpayer and used as a residence after July 1, 2009. The amount of the credit allowed against the taxes imposed in article twenty-one of the West Virginia Code is equal to thirty percent of the cost to purchase and install the system up to a maximum amount of $2,000.

We last updated the Residential Solar Energy Tax Credit in February 2024, so this is the latest version of Form SETC, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form SETC directly from TaxFormFinder. You can print other West Virginia tax forms here.


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Other West Virginia Individual Income Tax Forms:

TaxFormFinder has an additional 75 West Virginia income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form IT140 West Virginia Personal Income Tax Return
Schedule M Modifications to Adjusted Gross Income
Form IT210 Underpayment of Estimated Tax by Individuals:
Income Tax Booklet West Virginia Income Tax Instructional Booklet
Form IT140ES IT-140ES Individual Estimated Income Tax Payment

Download all WV tax forms View all 76 West Virginia Income Tax Forms


Form Sources:

West Virginia usually releases forms for the current tax year between January and April. We last updated West Virginia Form SETC from the Department of Revenue in February 2024.

Show Sources >

Form SETC is a West Virginia Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of West Virginia Form SETC

We have a total of eleven past-year versions of Form SETC in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form SETC

WV_Sch SETC_Solar Energy Tax Credit_.pmd

2022 Form SETC

WV_Sch SETC_Solar Energy Tax Credit_.pmd

2021 Form SETC

WV_Sch SETC_Solar Energy Tax Credit_.pmd

2020 Form SETC

WV_Sch SETC_Solar Energy Tax Credit_.pmd

2019 Form SETC

WV_Sch SETC_Solar Energy Tax Credit_.pmd

2017 Form SETC

WV_Sch SETC_Solar Energy Tax Credit_.pmd

2016 Form SETC

WV_Sch SETC_Solar Energy Tax Credit_.pmd

2015 Form SETC

WV_Sch SETC_Solar Energy Tax Credit_.pmd

Residential Solar Energy Tax Credit 2013 Form SETC

WV_Sch SETC_Solar Energy Tax Credit_.pmd

2012 Form SETC

WV_Sch SETC_Solar Energy Tax Credit_.pmd

2011 Form SETC

WV_Sch SETC_Solar Energy Tax Credit_.pmd


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