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Home Energy Credit

Forum|Forum|7 years ago
June 3, 2019
2 replies
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I purchased an energy efficient central air conditioning and heating system in 2016. I entered the cost in both the "Energy-Efficient Building Property" and "Furnaces and hot water boilers" sections, but the credit calculation is $0. Is there an income limitation on the credit?

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Best answer by HannahD

Hello,

Have you purchased other energy efficient equipment between 2006-2015? If so, you might have maxed out on the tax credit.

Details of Nonbusiness Tax Credit

You can claim a tax credit for 10% of the cost of qualified energy efficiency improvements and 100% of residential energy property costs. However, significant limits apply:

This credit is worth a maximum of $500 for all years combined, from 2006 to the present.
Of that combined $500 limit, a maximum of $200 can be for windows.
The maximum tax credit for a furnace circulating fan is $50.
The maximum credit for a furnace or boiler is $150.
The maximum credit for any other single residential energy property cost is $300.

H

HannahDAnswer

Hello,

Have you purchased other energy efficient equipment between 2006-2015? If so, you might have maxed out on the tax credit.

Details of Nonbusiness Tax Credit

You can claim a tax credit for 10% of the cost of qualified energy efficiency improvements and 100% of residential energy property costs. However, significant limits apply:

This credit is worth a maximum of $500 for all years combined, from 2006 to the present.
Of that combined $500 limit, a maximum of $200 can be for windows.
The maximum tax credit for a furnace circulating fan is $50.
The maximum credit for a furnace or boiler is $150.
The maximum credit for any other single residential energy property cost is $300.

D

Dars1

Hi maybe related but cant get an answer but would air filters for an Advanced Main Air Circulating Fan count towards this credit

R

RobertB4444

No. Supplies do not count towards the credit, only the equipment itself.

@Dars1

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D

Dars1

Tks Was about to submit but will make the change and remove it.

Shame they really shoud,

If we dont properly maintain as directed then system dosent work as it should and we dont getthe energy savings the credit was based oport business.n. Also filters made in the us suand filters are like $50 each x 4 per year But it is what it is