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Deductions & credits
You would only receive a 30% tax credit if you installed items eligible for the Residential Energy Credit -
- Qualified solar electric property costs
- Qualified solar water heating property costs
- Qualified small wind energy property costs
- Qualified geothermal heat pump property costs
- Qualified battery storage technology costs
- Qualified fuel cell property costs
Or did you have Qualified Energy Efficiency Improvements installed -
For the energy efficient home improvement credit, the lifetime limitation has been replaced by an annual credit limit. A 30% credit, up to a maximum of $1,200, may be allowed for:
• Insulation material or air sealing material or systems;
• Exterior doors;
• Windows and skylights;
• Central air conditioners;
• Natural gas, propane or oil water heaters;
• Natural gas, propane or oil furnaces or hot water boilers;
• Improvements or replacement of panelboards, subpanelboards, branch circuits or feeders; and
• Home energy audits.
Look at Schedule3 Line 5a and 5b. This amount flows to Form 1040 Line 20