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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.

  • 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 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. Of that combined $500 limit,

  • 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.

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