PatriciaV
Employee Tax Expert

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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