According to the U.S. Department of Energy,you can claim the Residential Energy Efficiency Property Credit forsolar,wind,and geothermal equipmentin both your principal residence and a second home. But fuel-cell equipment qualifies only if installed in your principal residence.
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.
What is the tax credit for non-business energy property?
The tax credit for nonbusiness energy property is restricted to improvements to and appliances installed at a primary residence. Improvements made on rental homes, second homes, or vacation property are not eligible for this tax credit.
Can I get a tax credit for energy-efficient home improvements?
Homeowners may qualify for a federal tax credit for making improvements or installing appliances designed to boost the energy-efficiency of a home. There are several tax credits for residential energy efficiency that have been renewed.
What is the tax credit for solar energy?
The Residential Renewable Energy Tax Credit. This tax credit is 30% of the cost of alternative energy equipment that’s installed on or in a home, and it includes the cost of installation. Solar hot water heaters, solar electric equipment, wind turbines, and fuel cell property are examples of equipment eligible for the tax credit.