Tax credits for residential energy efficiency have now been retroactively extended from December 31, 2017, through December 31, 2020. The tax credit for builders of energy efficient homes and tax deductions for energy efficient commercial buildings have also been retroactively extended from December 31, 2017, through December 31, 2020.
The tax credits for residential renewable energy products are still available through December 31, 2021. Renewable energy tax credits for fuel cells, small wind turbines and geothermal heat pumps now feature a gradual step down in the credit value, the same as those for solar energy systems.
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Equipment Tax Credits for Primary Residences
Non-business energy property tax credits have been retroactively extended from December 31, 2017, through December 31, 2020.
Tax Credit: 10% of cost up to $500 or a specific amount from $50 - $300
Expires: December 31, 2020
Details: Must be an existing home and your principal residence. New construction and rentals do not qualify.
Eligible Residential Equipment:
- Air Source Heat Pumps
- Central Air Conditioning
- Gas, Propane or Oil Hot Water Boiler
- Gas, Propane or Oil Furnaces and Fans
- Water Heaters (non-solar)
- Advanced Main Air Circulating Fan
- Biomass Stoves
Qualified Energy Efficiency Improvements:
For more information visit:
*Disclaimer: The tax credit information contained within this website is provided for informational purposes only and is not intended to substitute for expert advice from a professional tax/financial planner or the Internal Revenue Service (IRS).