turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

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

How do we qualify for an energy credit if we installed a new central air and heating unit

 
Connect with an expert
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
ThomasM
New Member

How do we qualify for an energy credit if we installed a new central air and heating unit

You'll enter your information for the Non-Business Energy Property Credit by clicking on the Federal Taxes tab, then Deductions & Credits, then under Your Home select Home Energy Credits and follow the prompts.

TurboTax will ask you some questions about your home where the energy-efficient equipment was installed (it must be your primary residence, located in the US, and must be an existing home rather than new construction).  After answering the questions, you'll enter the amount of the central air unit in the input box marked Energy-efficient building property.

For central air conditioners, this credit is limited to $300, with a lifetime limit of $500.  Here's the link to the IRS Form 5695 Instructions, which discusses all aspects of the energy credits: https://www.irs.gov/pub/irs-pdf/i5695.pdf

View solution in original post

1 Reply
ThomasM
New Member

How do we qualify for an energy credit if we installed a new central air and heating unit

You'll enter your information for the Non-Business Energy Property Credit by clicking on the Federal Taxes tab, then Deductions & Credits, then under Your Home select Home Energy Credits and follow the prompts.

TurboTax will ask you some questions about your home where the energy-efficient equipment was installed (it must be your primary residence, located in the US, and must be an existing home rather than new construction).  After answering the questions, you'll enter the amount of the central air unit in the input box marked Energy-efficient building property.

For central air conditioners, this credit is limited to $300, with a lifetime limit of $500.  Here's the link to the IRS Form 5695 Instructions, which discusses all aspects of the energy credits: https://www.irs.gov/pub/irs-pdf/i5695.pdf

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies