People also ask


  • What is the energy credit and how does it work?

  • The energy credit is not restricted to a taxpayer鈥檚 primary residence, except for anything pertaining to fuel cells. For most types of property, there is no dollar limit, or caps, on the credit. Notably, if the credit exceeds taxes owed, taxpayers can carry over the unused balance to their tax return for the following tax year.

  • What is a wind turbine tax credit?

  • A wind turbine collets kinetic energy from the wind and converts it to electricity that is compatible with a home’s electrical system. Must generate no more than 100 kilowatts of electricity for residential use. Tax credits includes installation costs. The home served by this system does not have to be the taxpayer’s principal residence.

  • Can energy certificates be sold or used as credits?

  • Energy Certificates can be sold, but are typically used as a credit against their own power usage. The eligibility to use RECs expires at the end of the fifth calendar year following the year they were generated.

  • Is there a limit on the energy credit?

  • The energy credit is not restricted to a taxpayer鈥檚 primary residence, except for anything pertaining to fuel cells. For most types of property, there is no dollar limit, or caps, on the credit.

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