So I am replacing old skylights…..what are the credits available? It looks like 30% up to $600 under the energy efficient home one and then if they are either solar powered opening skylights or ones with solar powered blinds they qualify for the full 30% off under the solar equipment category? Thanks
Hi Jon - looks like you have done your research - below are further clarifications:
Beginning Jan. 1, 2023, the credit equals 30% of certain qualified expenses: Qualified energy efficiency improvements installed during the year which can include things like: Exterior doors, windows and skylights.
Skylights must meet the ENERGY STAR Most Efficient criteria.
I recommend you check on the exact product/skylight you are purchasing to be sure it meets the qualifications: https://www.energystar.gov/about/federal_tax_credits/windows_skylights
To qualify for the tax credit: Solar-powered fresh air skylights. Fixed or manual fresh air air skylights with factory installed solar-powered shades.
Keep in mind these credits are non-refundable credits meaning that they can lower your taxes but won’t result in a refund. You may have the opportunity to roll over unused portions of tax credits to future years, allowing you to use them to reduce your future tax liability.
Hi jonpagel,
You are correct.
Exterior windows and skylights that meet Energy Star Most Efficient certification requirements. Credit is limited to $600 total.
The old rules apply for 2022, essentially extending the previous credit by one year. Afterwards, the credit for the costs of installing certain energy-efficient upgrades such as home insulation, windows, doors, roofing, and more increases from 10% to 30%. These rules may apply for 2023 also.
Here are links that may help:
Are Energy-Efficient Appliances Tax Deductible?
Energy Efficient Home Improvement Credit
Thank you for asking.