deductions for electric heat pumps

Are there  deductions for install of new electric heat pump which runs our heat and a/c.  Also all new energy efficient appliances were installed are there deductions for these?


90 people found this helpful

Go to the following website to see if your heat pump is eligible for a federal home energy credit -

Energy efficient appliances are not eligible for a federal Home Energy Tax credit.  However, some states have this credit available for appliances.  The state interview will ask about these appliances if the credit is available in your state.

To claim the federal Home Energy Credit in TurboTax -

  • Go to Federal Taxes
  • Click on Deductions and Credits
  • Click on Explore on My Own
  • Under Your Home
  • On Home Energy Credits, click the start or update button

If your heat pump is eligible, enter the cost in the field called Energy-Efficient Building Property.

You may also include the amounts paid for the assembly, preparation and installation of these items. The maximum dollar amount for energy-efficient building property is 10% with a credit limit up to $300.

Was this answer helpful? Yes No
1 additional answer

No answers have been posted

More Actions

People come to TurboTax AnswerXchange for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.

Select a file to attach:

Do you still have a question?

Ask your question to the community. Most questions get a response in about a day.

Post your question to the community