When/where is the update for this for the 2023 year software? We bought a heat pump water heater, which at total project cost of $3600 should be $1080 credit, not $300 which is still showing.
This tax credit is effective for products purchased and installed between January 1, 2023, and December 31, 2032.
You can claim:
30%
of project cost, $2,000 maximum amount credited
Annual Limits on Energy Efficient Home Improvement Tax Credits
In addition to limits on the amount of credit you can claim for any particular equipment installation or home improvement, there are annual aggregate limits. The overall total limit for an efficiency tax credit in one year is $3,200. This breaks down to a total limit of $1,200 for any combination of home envelope improvements (windows/doors/skylights, insulation, electrical) plus furnaces, boilers and central air conditioners. Any combination of heat pumps, heat pump water heaters and biomass stoves/boilers are subject to an annual total limit of $2,000.
