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Tax law changes
Yes, you can take the credit for the panel in 2023, and for the air conditioner in 2024. There are limits on the amounts that can be taken, and they carry from year to year.
Any improvement to, or replacement of, a panelboard, sub-panelboard, branch circuits, or feeders which:
- is installed in a manner consistent with the National Electric Code,
- has a load capacity of not less than 200 amps,
- is installed in conjunction with, and enables the installation and use of:
- any qualified energy efficiency improvements, or
- any qualified energy property (heat pump water heater, heat pump, central air conditioner, water heater, furnace or hot water boiler, biomass stove or boiler)
Electric Panel Upgrade Tax Credit
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‎February 6, 2023
6:59 AM