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Why am I not getting the Home Energy Credit of $600 for the high efficiency hot water boiler that I installed in 2024? I confirmed this info from form 5695.

 
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MindyB
Employee Tax Expert

Why am I not getting the Home Energy Credit of $600 for the high efficiency hot water boiler that I installed in 2024? I confirmed this info from form 5695.

Yes, you are correct in that per Form 5695, the maximum credit for boilers is $600. The credit is 30% of your cost, to a maximum of $600.  So, you would have needed to spend at least $2,000 to get the full $600 credit.

 

If you have not completed the rest of your return, this may be why the credit is not appearing. The energy credit is non-refundable, so if you don't have enough income tax being computed, the credit won't be generated, and it will be carried forward.  

 

If you have entered all your income, and still are not getting a credit, be sure you have entered your information in the correct place in TurboTax Online:

 

1. Upon opening TurboTax, choose Deductions & Credits

2. Locate Your Home 

3. Start/Revisit Home Energy Credits

4. On the Energy Efficient Home Improvements screen, select Yes then Continue. 

5. Answer the next few questions until you get to Did you have any of these residential energy property costs in 2024? Boilers are listed here.  Select Yes and continue.

6. Make sure you enter the total cost and answer the questions about ownership and location of the home.

 

 

See this article for a summary of the amounts available: Energy Efficient Home Improvement Credit (EEHIC)

 

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