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energy credit
I'm getting a new heat pump installed in a non-newly constructed house we purchased in august 2022. In our former house, I took an energy credit of $450 in 2021 for the installation of a gas furnace and air conditioner. I'm reading that when filling out form 5695 for energy credits that there is a $500 max on allowable credits going back to 2005. Is this still the case or have the tax laws been updated? Does the credit tie to a particular house that the tax payer lives in or is it irregardless of the home he is in and is related to the tax payers energy credit history from 2005. thanks
‎June 21, 2023
4:41 AM