topic We took a 2014 Residential Energy Credit for a solar tank; does this credit affect a 2019 claim for an energy-efficient garage door? in Deductions & credits

We took a 2014 Residential Energy Credit for a solar tank; does this credit affect a 2019 claim for an energy-efficient garage door?

ebride — Wed, 01 Apr 2020 21:42:11 GMT

Filling-out the tax form, I'm wondering: do I need to claim that 2014 credit for the solar tank? The question seems to ask if I ever took a credit for anything.

Re: We took a 2014 Residential Energy Credit for a solar tank; does this credit affect a 2019 cla...

DavidD66 — Wed, 01 Apr 2020 22:02:47 GMT

You need to include the amount of the credit you received for the solar tank. You can claim a tax credit for 10% of the cost of qualified energy efficiency improvements and 100% of residential energy property costs. This credit is worth a maximum of $500 for all years combined, from 2006 to its expiration.

Re: We took a 2014 Residential Energy Credit for a solar tank; does this credit affect a 2019 cla...

ebride — Sat, 04 Apr 2020 22:05:34 GMT

Thank you for that clear response. It seems ridiculous, doesn't it, that no matter how many different (or costly) energy improvements we make to our home, the cumulative lifetime credit doesn't change. But, at least I know how to treat it. Thanks again.