Hello,
I've seen a list of the eligible improvements and equipment eligible for this credit. However, there is a line in the section under "Property placed in service after 12/31/2022" that mentions that "Any improvement to or replacement of a panelboard, sub-panelboard, branch circuits, or feeders which is installed in accordance with the National Electric Code, has a load capacity of not less than 200 amps, is installed in conjunction with any qualified energy efficiency improvement"
Does this in-conjunction qualified energy efficiency improvement have to be made during the same tax year to be eligible? So, I want a qualified Central Air Conditioner but it's determined that I need to upgrade my panel from 120 amp to 200 amps first. If I choose to do the panel upgrade in calendar year 2023 but then do the central airconditioner installation in 2024, can I still claim the panel-upgrade in my 2023 tax year, even if I haven't technically done the AC upgrade yet? Or do I have to do the panel upgrade AND the qualified AC improvement in the same tax year to claim the credit?
