Yes, you may be able to claim a federal tax credit for installing certain energy-efficient interior shades (like honeycomb or cellular shades) under Home Energy Credits.
You will enter the information about your shades in the "Deductions & Credits" section of your TurboTax program. Under "Home Energy Credits." This will generate Form 5695, which is required to be filed with your tax return in order to qualify for this credit.
You can easily get to these TurboTax input screens as follows:
- Click on Search in the top right of your TurboTax screen
- Type (exactly) 5695, residential energy credit in the search box
- Click on the link Jump to 5695, residential energy credit
- This will take you to the input screen in TurboTax to enter your information regarding your blinds
- Your screen will say Energy Efficient Home Improvements
- Continue through your screens and answer all follow-up questions
In general, the credit is 30% of the product cost (up to $1,200 annually). Your shades meet specific energy performance standards and be designed to reduce heat gain/loss. You must have the Manufacturer’s Certification Statement and a receipt showing the product cost. While the receipt is not filed with your tax return, it is required to prove eligibility and costs if the IRS audits your claim
Click here for What Is the IRS Form 5695?
Click here for How do I add or remove Form 5695?
Click here for Where do I enter qualified energy-saving improvements?
Click here for Energy Efficient Home Improvement Credit.
Click here for 2024-2025 Energy Tax Credit: Which Home Improvements Qualify?
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