turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Can I claim Xcel Energy Windsource as a Qualified small wind energy property cost?

Hi,

we pay extra each month on our Xcel Energy bill for a voluntary program called Windsource.  The wind turbines are not on our property, but we are making additional payments for 100 kWh blocks of wind power.

Does this qualify as a "small wind energy property"?

 

Thank you

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
MinhT1
Expert Alumni

Can I claim Xcel Energy Windsource as a Qualified small wind energy property cost?

No.

 

This is a personal expense.

 

As there is no investment, you are not eligible for a Home energy credit.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
MinhT1
Expert Alumni

Can I claim Xcel Energy Windsource as a Qualified small wind energy property cost?

No.

 

This is a personal expense.

 

As there is no investment, you are not eligible for a Home energy credit.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question