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Energy Credit

What things will qualify for an energy credit this year?

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2 Replies
carmen_t
Employee Tax Expert

Energy Credit

Great question, but further details will be needed.  I included some general articles.  Please respond back if further questions or create a new post.  

 

Energy Tax Credit from Turbo Tax 

Home Energy Tax Credits from IRS website 

CPAGAL33
Employee Tax Expert

Energy Credit

Hi @Imaging8 !

 

Thanks for your question.

The following energy efficient home improvements are eligible for the Energy Efficient Home Improvement Credit:

  • Building envelope components satisfying the energy efficiency requirements:
    • exterior doors (30% of costs up to $250 per door, up to a total of $500);
    • exterior windows and skylights (30% of costs up to $600); and
    • insulation materials or systems and air sealing materials or systems (30% of costs).
  • Home energy audits (30% of costs up to $150
  • Residential energy property (30% of costs, including labor, up to $600 for each item) satisfying the energy efficiency requirements:
    • central air conditioners;
    • natural gas, propane, or oil water heaters;
    • natural gas, propane, or oil furnaces and hot water boilers; and
    • improvements to or replacements of panelboards, sub-panelboards, branch circuits, or feeders that are installed along with building envelope components or other energy property listed and enable its installation and use.
  • Heat pumps and biomass stoves and biomass boilers (30% of costs, including labor) satisfying the energy efficiency requirements:
    • electric or natural gas heat pump water heaters;
    • electric or natural gas heat pumps; and
    • biomass stoves and biomass boilers

Here is a link that provides additional information and links https://www.irs.gov/credits-deductions/home-energy-tax-credits 

 

Have a great day!

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