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Deductions & credits
For tax year 2022, the energy efficient home improvement credit is a $500 lifetime credit. This credit is increased for years AFTER 2022.
Per the IRS FAQ on Clean Energy Property Credits:
"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 <snip> The credit is allowed for qualifying property placed in service on or after January 1, 2023, and before January 1, 2033."
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March 16, 2023
6:30 AM