According to energystar.gov, electrical panels are eligible for energy credits if:
- 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)
The interpretation of this may be vague but I would interpret this to mean that the installation of the heat pump and panel should be done at the same time or nearly the same time so that the heat pump and electrical panel are both shown on Form 5695. For an example, if the electrical panel is installed and claimed and if there are no other electrical improvements claimed, then the panel may not be claimed for a stand-alone credit even if it was installed as a precursor for future energy improvements.
I don't know if this answers your question or not and let us know if we need to elaborate more.
@emma8956
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