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If I built my own home in 2017 can I claim the energy star tax credits?

 
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Coleen3
Intuit Alumni

If I built my own home in 2017 can I claim the energy star tax credits?

Below are the qualifications for the two types of energy credits.

  • Nonbusiness Energy Property Credit: This tax credit is worth up to 10% of the purchase price of qualified home energy-efficient products between $50 and $500. In order to claim this credit, you must have purchased the qualified improvements and placed them into your existing, primary residence (not a new home) during the year. Learn about the home energy improvements that qualify for the credit. 
  • Residential Energy Property Credit: The Residential Energy Property Credit is worth up to 30% of the total cost of installing renewable energy sources in your home. You can claim this credit for a newly constructed home or a primary residence (except for fuel cells), but you must own the home to qualify for the credit (rentals do not count).

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1 Reply
Coleen3
Intuit Alumni

If I built my own home in 2017 can I claim the energy star tax credits?

Below are the qualifications for the two types of energy credits.

  • Nonbusiness Energy Property Credit: This tax credit is worth up to 10% of the purchase price of qualified home energy-efficient products between $50 and $500. In order to claim this credit, you must have purchased the qualified improvements and placed them into your existing, primary residence (not a new home) during the year. Learn about the home energy improvements that qualify for the credit. 
  • Residential Energy Property Credit: The Residential Energy Property Credit is worth up to 30% of the total cost of installing renewable energy sources in your home. You can claim this credit for a newly constructed home or a primary residence (except for fuel cells), but you must own the home to qualify for the credit (rentals do not count).

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