The Energy Efficient Home Improvement Credit provides tax credits for the purchase of qualifying equipment, home improvements, and energy audits to reduce your taxes.
However, this Energy Audit Credit is effective for tax years beginning January 1, 2023, the amount of the credit is equal to 30% of the sum of amounts paid by the taxpayer for certain qualified expenditures, including (1) qualified energy efficiency improvements installed during the year, (2) residential energy property expenditures during the year, and (3) home energy audits.
The Inflation Reduction Act amended the credit to be worth up to $1,200 per year for qualifying property placed in service on or after January 1, 2023, and before January 1, 2033 and gave it a new name, the Energy Efficient Home Improvement Credit.
Energy Audits performed in 2022 are not deductible or eligible for a credit.
Click here for "Energy Tax Credit, Which Home Improvements Qualify?"
Click here for information on Form 5695 Residential Energy Credits.
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