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
Close icon
Do you have a TurboTax Online account?

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

1953Buick
Returning Member

tax credit for energy efficient windows

I entered into a contract with a window installation contractor on 12/29/2023 to install energy efficient (energy star) windows on my house, however, the windows won't be installed until March 2024.  Because I entered into the contract in 2023, can I claim the tax credit on my 2023 tax return, or have to wait until the 2024 return?

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.

2 Replies

tax credit for energy efficient windows

Since the installation will not be completed until March 2024, you can only enter the cost of the windows as an energy credit on the 2024 tax return you file next year.

Vanessa A
Employee Tax Expert

tax credit for energy efficient windows

No.  You cannot claim the credit until the windows are actually installed.  So since they won't be installed until this year, you will need to wait until you file your 2024 return to claim the Home Energy Credit.

 

 

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

  • Worth up to 30% of costs with a maximum credit $2,000 for
    • Air source heat pumps
    • Heat Pump Water Heaters
    • Biomass Stoves or Boilers
  • Worth up to 30% of qualifying costs for a maximum combined total of $1,200 for the following:
    • Doors, Windows and Skylights
    • Insulation
    • Natural Gas, Oil Propane Water Heaters
    • Furnaces
    • Boilers
    • Central Air Conditioners
    • Electrical Panel Upgrades
    • Home Energy Audit (up to $150)
  • You can combine the $2,000 credit with the $1,200 credit for a total of $3,200
  • 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.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies