Nonbusiness Energy Property Credit equals 10 percent of what a homeowner spends on eligible energy-saving improvements , up to a maximum tax credit of $500 for the combined years since 2006. The cost of certain high-efficiency heating and air conditioning systems, water heaters all qualify, along with labor costs for installing these items.
To enter the information for the credit, go to Deductions and Credits and look under Your Home for Home Energy Credits. You will not be able to use the Free Edition to claim this credit.
