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Do I have to first subtract my state or local financing (“subsidized energy financing”) for my energy efficiency improvement before I calculate the 30% federal tax credit?

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Do I have to first subtract my state or local financing (“subsidized energy financing”) for my energy efficiency improvement before I calculate the 30% federal tax credit?

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A. No, you do not have to first subtract the amount for any state or local financing that you got – you can take 30% off the full amount you paid.

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