- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Yes, you can get a tax credit for installing energy-efficient property if you have a tax liability. If you made energy-efficient improvements to your homes like energy-saving roofs, windows, skylights, and doors, you'll be able to claim the Nonbusiness Energy Property Credit for 10% of amounts paid for qualified energy efficiency improvements, up to a lifetime cap of $500.
Related Information:
It is a non-refundable credit. There are times when you can't take the credit in the current year:
- Your income is at a level that's not taxed at all.
- You're getting other tax credits that have reduced your tax owed to zero.
If your credit can be carried forward to next year, we'll do that for you.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 31, 2021
5:47 PM