You can get a credit of up to 10% of the cost of your
energy-efficient building property, with a dollar limit of $300.
Examples of energy-efficient building property include: electric
heat pump water heater, central air conditioner, natural gas, propane, or oil
water heater, or a stove that burns biomass fuel to heat your home or heat
water. You may also include the amounts paid for the assembly, preparation and
installation of these items.
To enter the information for the credit in TurboTax
you will do the following:
- Log
in to your TurboTax Online account,
or open your return in TurboTax CD/Download
- Click
to Continue your return/Take me to
my return
- Click
on Federal Taxes
- Click
on Deductions & Credits
- Click
on "Check for more tax
breaks"
- Click
on "Skip to all tax
breaks"
- Find
the section titled Your Home,
click to Show More
- Find Home Energy Credits and
click to Start or Edit/Revisit
- If the qualifying tankless water heater is electric, enter
the information for your qualified electric heat pump in the box
titled, "Energy-Efficient Building
Property" if you click the Learn More link
beside of it, you will see that it includes the electric water heater there.
- Or if the qualifying tankless water heater is powered by natural gas, propane, or oil, you will locate Furnaces and hot water boilers powered by natural gas, propane or oil and enter your amount there
