topic How do we claim electric heat pump and electric heat pump water heater expenses? in Deductions & credits

How do we claim electric heat pump and electric heat pump water heater expenses?

lindastong — Mon, 23 Feb 2026 12:00:59 GMT

It's listed on Turbo Tax, but there's no option listed to enter amounts for these heat pumps

Re: How do we claim electric heat pump and electric heat pump water heater expenses?

MonikaK1 — Mon, 20 Feb 2023 23:25:21 GMT

Enter these items under Deductions & Credits in the Home Energy Credits section:

Select Yes to the question about making energy-saving improvements

Click Continue

Answer the questions about your living arrangement and home

Continue until you get to the screen that provides entry fields for solar electric costs, solar water heating costs, and geothermal heat pumps if these are what you purchased.

Please see this FAQ list from the IRS which lists the types of energy-saving improvements that qualify for a credit for 2022.

Re: How do we claim electric heat pump and electric heat pump water heater expenses?

udjcalewisdm — Tue, 14 Mar 2023 01:03:21 GMT

Solar electric costs, solar water heating costs, and geothermal heat pumps do not apply and are not what I purchased. How and where do I claim costs for my new electric heat pump?

Re: How do we claim electric heat pump and electric heat pump water heater expenses?

PattiF — Tue, 14 Mar 2023 01:28:14 GMT

Go to Deductions & Credits

Under Your Home, Choose Home Energy Credits and Click Start
Answer Yes, we made energy-efficient improvements or have a carryforward at the bottom of the page and Continue
Indicate that your home is in the US and that Yes, the improvements were made to our main home,
Continue to the Energy Efficient Home Improvements page
Enter the amount for the new electric heat pump in the Your Cost section after Energy-Efficient Building Property

@udjcalewisdm

Re: How do we claim electric heat pump and electric heat pump water heater expenses?

befoundbyme — Thu, 16 Mar 2023 19:13:03 GMT

bad reply. TT PREMIER DOESN'T SHOW ENOUGH PROMPTS TO SEE IF WHAT I BOUGHT: AN ELECTRIC HEAT PUMP WATER HEATER IS A TAX CREDIT EVENT. THIS IS POOR SOFTWARE INTERFACE.

Re: How do we claim electric heat pump and electric heat pump water heater expenses?

AmeliesUncle — Thu, 16 Mar 2023 22:39:13 GMT

@befoundbyme wrote:
bad reply. TT PREMIER DOESN'T SHOW ENOUGH PROMPTS TO SEE IF WHAT I BOUGHT: AN ELECTRIC HEAT PUMP WATER HEATER IS A TAX CREDIT EVENT. THIS IS POOR SOFTWARE INTERFACE.

Are you saying you don't get the information shown above, when you click the "learn more" link on the screenshot above?

Re: How do we claim electric heat pump and electric heat pump water heater expenses?

miken55 — Sun, 28 Jan 2024 21:09:57 GMT

I installed the electric heat pump in 2023. I entered the amount in "Energy efficient building property" cost field. However, the tax credit I get is $300, although it should be 30% up to $2000 according to the IRS publication. Can you please clarify?

Re: How do we claim electric heat pump and electric heat pump water heater expenses?

DoninGA — Sun, 28 Jan 2024 21:15:03 GMT

@miken55 wrote:

I installed the electric heat pump in 2023. I entered the amount in "Energy efficient building property" cost field. However, the tax credit I get is $300, although it should be 30% up to $2000 according to the IRS publication. Can you please clarify?

The Form 5695 Residential Energy Credits for tax year 2023 has not yet been finalized in TurboTax.

The Form 5695 is scheduled to be available in TurboTax on 02/07/2024 (subject to change).

Go to his TurboTax website for forms availability - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product...