How do I apply the tax credit for switching from a gas stove to electric and upgrading my breaker panel to a 200 amp panel, which fall under the inflation reduction act?

[jason-n-mansour]

Per recommendation from my local electrician, I upgraded my home's 100 amp panel to a 200 amp panel, and I also installed a new 240V line to my kitchen stove area, where I installed a new electric stove. I was informed that the panel upgrade qualified for up to $4000, the wiring I believe was up to $500, and $840 for the new electric stove. 

When I am entering deductions in my TurboTax 2023 Home & Business software, I do not see where to enter this information to receive the credits/rebates. 

What form would these credits/rebates by applied to? And how do I access in the TurboTax software?

[DawnC]

Under the Residential Clean Energy Credit, you can get a federal tax credit for installing alternative energy equipment.   

If you made energy-efficient improvements to your home, you may be able to claim the Energy Efficient Home Improvement Credit for 30% of amounts paid for qualified energy efficiency improvements, up to an annual cap of $1,200, or fixed-dollar amounts ranging from $150 to $600 for energy-efficient property.

Learn where to enter qualified energy-saving improvements in TurboTax.  The following qualify for tax credits:

Biomass stoves burn biomass fuel to heat a home or heat water. Biomass fuel includes agricultural crops and trees, wood and wood waste and residues (including wood pellets), plants (including aquatic plants), grasses, residues, and fibers.   Must have a thermal efficiency rating of at least 75% (measured by the higher heating value of the fuel).

Any improvement to, or replacement of, a panelboard, sub-panelboard, branch circuits, or feeders which:

1. is installed in a manner consistent with the National Electric Code,
2. has a load capacity of not less than 200 amps,
3. 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)