Can I claim new propane tank

[teds]

I installed a new 1000gal propane tank so I could switch to LP. I assume I can claim the furnace. Can I claim the tank install?

[HelenaC · Accepted solution]

The energy credit is not available for the propane storage tank.

To claim an energy credit for the furnace, you generally, have to have an Energy Star Certificate, from the manufacture. 

Gas furnaces that are ENERGY STAR certified (except those for U.S. South only) meet the requirements for the furnace tax credit.  Gas and oil furnaces that have earned the ENERGY STAR include fans that meet the requirements of the fan tax credit. Learn More and Find Products.

Tax Credit Amount:  $150 for furnace
                                     $50 for advanced main air circulating fan

For requirements, see:

• Gas, Propane, or Oil Hot Water Boiler or
• Natural Gas, Propane or Oil Furnace

To enter your energy improvements, in the Deductions & Credits section:

1. Open your return, if you don't already have it open.
2. In TurboTax, search for energy improvements. (Do not search for "energy credit," as this will take you to the wrong place in the program.)
3. Click the "Jump to" link in the search results.
4. At the bottom of the Energy-Saving Home Improvements screen, answer Yes and continue. Follow the on-screen instructions.

Tip: You can see which energy-saving home improvements qualify for a federal tax credit at the Energy Star website.

Related Information:

• Can I claim energy-efficient appliances or energy-saving home improvements?