Form 5695

x00ptb — Wed, 22 Jan 2025 16:23:43 GMT

I have over 12,000 that should qualify for energy efficient credit but can only receive 1200. Can I carry this over ? And if so what do I do?

Re: Form 5695

Opus 17 — Wed, 22 Jan 2025 16:34:45 GMT

There are 3 separate credits, make sure you enter your improvements in the correct section. But for the most part, there is a $1200 cap and it does not carry over.

Solar panels, geothermal energy, wind power, fuel cells	30%, no maximum, can carry over
Windows, doors, insulation, and other energy saving improvements	30%, cap of $1200, sub-caps on certain categories, does not carry over
Efficient appliances (furnace, boiler, A/C, hot water heater)	30%, cap of $600, falls under same overall $1200 cap as above, except there is a $2000 cap for a fuel pump or biomass stove, does not carry over

Re: Form 5695

x00ptb — Sat, 25 Jan 2025 13:11:23 GMT

Yes, that answered my question. Thank you.

topic Form 5695 in Deductions & credits

Form 5695

Re: Form 5695

Re: Form 5695