CathiM
New Member

Deductions & credits

Yes, if your windows and doors meet the technical efficiency standards (see below) they do. Check with roofer to make sure the roofing materials qualify. The siding is not listed here, so it may not qualify unless it is "insulation". 

The Congress has passed the Bipartisan Budget Act of 2018 which has become a law. Included in this is the extension of expired tax extenders for 2017, the extension of energy efficient tax credits, and special tax relief for certain disaster victims.

Equipment and materials can qualify for the Nonbusiness Energy Property Credit only if they meet technical efficiency standards set by the Department of Energy. The manufacturer can tell you whether a particular item meets those standards.

"Qualified energy efficiency improvements," includes the following:
  • Home insulation
  • Exterior doors
  • Exterior windows and skylights
  • Certain roofing materials
Details of nonbusiness tax credit

You can claim a tax credit for 10% of the cost of qualified energy efficiency improvements and 100% of residential energy property costs. However, significant limits apply:

  • This credit is worth a maximum of $500 for all years combined, from 2006 to the present.
  • Of that combined $500 limit, a maximum of $200 can be for windows.
  • The maximum credit for any other single residential energy property cost is $300.