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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.

  • 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,

  • 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.

  • What is a non-business energy property credit?

  • Non-Business Energy Property Credit. You can get a 10% credit for your energy efficient improvements. Things that fall under this category include: Water heaters. Electric heat pumps. Central air conditioners. Natural gas, propane, or oil water heaters.

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