Question

residential energy tax credit

Forum|Forum|4 years ago
March 23, 2022
1 reply
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I recently installed new energy efficient windows. I partially paid for these windows in 2021. The balance was paid in 2022. Is the amount I paid in 2021 applicable to my 2021 taxes or should I claim the total amount on my 2022 taxes?

ColeenD3

The purchase was made in 2021, regardless of whether or not they were paid in full. Enter the amount in 2021.

Qualified energy efficiency improvements.

Qualified energy efficiency improvements are the following building envelope components installed on or in your main home that you owned during 2021 located in the United States if the original use of the component begins with you, the component can be expected to remain in use at least 5 years, and the component meets certain energy standards.

Any insulation material or system that is specifically and primarily designed to reduce heat loss or gain of a home when installed in or on such a home.
Exterior windows and skylights.
Exterior doors.
Any metal roof with appropriate pigmented coatings or asphalt roof with appropriate cooling granules that are specifically and primarily designed to reduce the heat gain of your home.

For purposes of figuring the credit, don't include amounts paid for the onsite preparation, assembly, or original installation of the building envelope component.