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If I'm not going to be able to use the energy credit this year, can I claim it in the future?

Forum|Forum|7 years ago
June 1, 2019
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We made several improvements that provide energy credits. However our tax situation is that we can't take advantage of them this year. Can I hold off and file in the future rather than this year?

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Best answer by ChrisJ

If you are unable to claim the entire 30% of your purchase for qualified energy products in one year, you can carry forward the unclaimed portion to future years.

The carryforward amount will display on Line 16 of Form 5695, Residential Energy Credits.

C

ChrisJAnswer

If you are unable to claim the entire 30% of your purchase for qualified energy products in one year, you can carry forward the unclaimed portion to future years.

The carryforward amount will display on Line 16 of Form 5695, Residential Energy Credits.