Yes, you can claim a Home Energy Credit for natural gas, propane and oil water heaters, furnaces or hot water boilers up to $600. TurboTax will generate a Form 5695 (Home Energy Credit) by doing the following: Click on Federal Taxes Click on Deductions and Credits Click on I'll choose what I work on (if shown) Under Your Home On Home Energy Credits click on the start or update buttonHere's more details on Energy Tax Credits.