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New Member
posted Mar 26, 2024 2:43:10 PM

Home Energy Credit

TurboTax approved my home energy credit of $1200. However on final summary page the home energy credit is listed as 0.

 

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1 Replies
Expert Alumni
Mar 26, 2024 3:00:04 PM

Look at line 32 of form 5695.  This will tell you if you are actually getting the credit or not.  The summary screen is not always 100% accurate.  Although, it is possible that you qualified for $1,200 based on your energy improvements but then you did not have enough tax liabiity to actually get the credit as this is a non refundable credit. 

 

The Home Improvement Energy Efficient Credit is a non-refundable credit

  • Worth up to 30% of qualifying costs for a maximum combined total of $1,200 for the following:
  • This credit is a use it or lose it credit.  If you do have enough tax liability in the year you buy and install the item, you will not be able to carry the credit forward.
  • NOT available for new construction.

You can see form 5695 by switching to forms mode in the desktop version or by going to the print center in the online version.