I purchased a home in 2016 that has geothermal energy, is there a tax credit for this?

coholbro — Sat, 01 Jun 2019 03:10:14 GMT

Yes, there is. Look at the instructions under Residenti...

CherylW — Sat, 01 Jun 2019 03:10:15 GMT

Yes, there is.

Look at the instructions under Residential Energy Efficient Property Credit (Part I) on Form 5695.

To claim this credit in Turbo Tax, go to Deductions & Credits>Your Home>Home Energy Credits.

Answer the questions. When you get to Enter Any Additional Energy-Efficient Improvements, it will ask you about your Geothermal improvements.

Form 5695 will be filed with your return.