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I'm trying to get a home energy credit for my new Furnace and Heat Pump. Using QMID Code I7Q6 for my Furnace and P8U0 for my Heat Pump I am getting a result of $0 credit

These should both result in a credit according to my installer and everything I've read online about these two units.
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Accepted Solutions
AnnetteB6
Employee Tax Expert
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I'm trying to get a home energy credit for my new Furnace and Heat Pump. Using QMID Code I7Q6 for my Furnace and P8U0 for my Heat Pump I am getting a result of $0 credit

It is possible that you are not able to claim the credit due to your tax liability and other credits being claimed on your return rather than anything related to the furnace or heat pump themselves.  

 

The energy credit for furnaces or heat pumps can only reduce your income tax to zero.  The energy credit is not refundable to you if it cannot be used to reduce your tax.  It also cannot be carried over to future tax years.

 

To learn more, take a look at the following TurboTax help article:

 

2024-2025 Energy Tax Credit: Which Home Improvements Qualify?
 

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1 Reply
AnnetteB6
Employee Tax Expert
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I'm trying to get a home energy credit for my new Furnace and Heat Pump. Using QMID Code I7Q6 for my Furnace and P8U0 for my Heat Pump I am getting a result of $0 credit

It is possible that you are not able to claim the credit due to your tax liability and other credits being claimed on your return rather than anything related to the furnace or heat pump themselves.  

 

The energy credit for furnaces or heat pumps can only reduce your income tax to zero.  The energy credit is not refundable to you if it cannot be used to reduce your tax.  It also cannot be carried over to future tax years.

 

To learn more, take a look at the following TurboTax help article:

 

2024-2025 Energy Tax Credit: Which Home Improvements Qualify?
 

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

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