CPAs: Whole-home generator and taxes

I guess you could write it off but I know when you sale the property you have to do some backend paperwork.
I’d imagine you’d have to show or prove that it’s strictly for your business or whatever portion of your house is being used for business purposes.
It seems like a lot of headaches

Currently, home office write offs are not available for federal tax for W-2 employees.

There are no federal tax credits I am aware of for a whole home generator per se. Now, if you could tie that to solar panels, there are solar panel federal credits available.

LA does not have any current credits / write offs in this area either. Other states may or may not.

Thanks for the response. I couldn’t find much with the google machine so figured someone here had a decent answer. We will get one later this year, but I wasn’t sure if there was some other monetary benefit I could be missing.

No, im going to just assume your home would never be considered mainly a business space.

Although, i haven't looked much into this because work from home has changed a lot of things now.

But you still use your home mainly to live in.


Also just have the local tax credits, or can get credit when buying during a declared emergency.

But as pointed out earlier seems like you need solar or wind for louisiana credits.

quote:

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A. Revised Statute 47:6030 provides an income tax
credit for the purchase and installation of a wind or solar
energy system by a Louisiana taxpayer, the owner of a
residential rental apartment project, or by a taxpayer who
purchases and installs such a system in a residence or a
residential rental apartment project which is located in the
state

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Oh and if you have a medical device that needs constant power it can be a med expense.

I honestly dont know?

I was thinking something like that could though since its on while you are sleeping.

quote:

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If you or a family member has a health condition that requires frequent use of electrically powered medical devices, such as dialysis machines, oxygen machines, CPAP machines, or chair lifts, a generator may be tax deductible. Only a portion of the cost will be deductible, and you will have to include a statement from your physician with your tax return that details the medical condition.

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It is interesting, but I really do hate tax, which is why i went into audit.


What will happen is you install the generator at cost x. They will want to know if it raised your property value at all. And you basically get to deduct the difference.

So if you paid 30k for the generator and it raises your home value by 20k, you get to deduct the 10k.

Someone else can chime in, but that's generally how it works.

quote:

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I’m curious about what tax benefit I could get if I purchase a whole-home generator to keep the power on while I work from home. I’m 100% remote and so is my wife. We don’t own a business but work for large employers. I’m in cyber security. She’s in medical research. Is there any federal or state credit/write-off available?

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As others have stated, W-2 employees generally get zip. My wife owns her own business but i still wasn't able too find anything great besides maybe being able to deduct a portion for home use, but thats it.