Best answer


A. Yes,the residential energy efficient property credit allows for a credit equal to the applicable percent of the cost of qualified property. Qualifying properties aresolar electric property,solar water heaters,geothermal heat pumps,small wind turbines and fuel cell property.

People also ask


  • What are the residential energy credits available?

  • The residential energy credits are: The residential energy efficient property credit. None at this time.

  • Can I claim a tax credit for energy-efficient home improvements?

  • You can claim a tax credit for 10% of the cost of qualified energy efficiency improvements and 100% of residential energy property costs. This credit is worth a maximum of $500 for all years combined, from 2006 to its expiration.

  • What is the non-business energy property credit for 2020?

  • Details of the Nonbusiness Energy Property Credit (Extended through December 31, 2020) 1 A maximum of $200 can be for windows. 2 The maximum tax credit for a furnace circulating fan is $50. 3 The maximum credit for a furnace or boiler is $150. 4 The maximum credit for any other single residential energy property cost is $300.

  • Does the energy efficient property credit cover solar energy?

  • A. Yes, the residential energy efficient property credit allows for a credit equal to the applicable percent of the cost of qualified property. Qualifying properties are solar electric property, solar water heaters, geothermal heat pumps, small wind turbines and fuel cell property.

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