@Tbizon16 Thanks for the question!!
Yes , You can definitely use the energy efficient windows & claim a credit on your taxes.
The Inflation Reduction Act extended, expanded, and renamed the credit to the Energy Efficient Home Improvement Credit (EEHIC).
The revamped credit offers a maximum value of $1,200 per year from 2023 through 2032 and can go toward investments like qualified energy efficiency improvements made to domestic residences. Such examples include qualified exterior windows, doors and skylights, and building envelope components. Exterior windows and skylights that meet Energy Star Most Efficient certification requirements. Credit is limited to $600 total.
Beginning Jan. 1, 2023, the credit equals 30% of certain qualified expenses, including:
- Qualified energy efficiency improvements installed during the year
- Residential energy property expenses
- Home energy audits
There are limits on the allowable annual credit and on the amount of credit for certain types of qualified expenses. The credit is allowed for qualifying property placed in service on or after Jan. 1, 2023, and before Jan. 1, 2033.
The maximum credit you can claim each year is:
- $1,200 for energy property costs and certain energy efficient home improvements, with limits on doors ($250 per door and $500 total), windows ($600) and home energy audits ($150)
- $2,000 per year for qualified heat pumps, biomass stoves or biomass boilers
The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.
Energy Efficient Home Improvement Credit
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