Deductions & credits

The credit is entered using IRS Form 5695, Residential Energy Credits.

 

IRS Form 5695 Instructions (2022) - https://www.irs.gov/pub/irs-pdf/i5695.pdf

 

The Energy Efficient Home Improvement Credit -

You may be able to take a credit equal to the sum of:

1. 10% of the amount paid or incurred for qualified energy efficiency improvements installed during 2022, and
2. Any residential energy property costs paid or incurred in 2022.
However, this credit is limited as follows.
• A total combined credit limit of $500 for all tax years after 2005.
• A combined credit limit of $200 for windows for all tax years after 2005.
• A credit limit for residential energy property costs for 2022 of $50 for any advanced main air circulating fan; $150 for any qualified natural gas, propane, or oil furnace or hot water boiler; and $300 for any item of energy efficient building property.