Skylights 2023

[jonpagel]

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

[evelynm]

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.

[heidis1]

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.