|What is Eligible?||Maximum Credit for
Property Per Year
| Windows, Doors, Skylights, and Insulation
|Windows & Skylights||Energy Star Most Efficient
||$600 across all windows and skylights|
||$250 per door, $500 across all doors|
|Insulation||Most recent International Energy Conservation Code
as of two years prior
|No property-specific limit|
HVAC Systems and Water Heaters
|Heat pump water heaters||Consortium for Energy Efficiency (CEE)
highest tier below Advanced Tier
|$2,000 total across heat pump water heaters, heat pumps, and biomass stoves. $1,200 annual limit does not apply|
|Heat pumps||CEE highest tier below advanced tier
| Biomass stoves or
hot water boilers
|Thermal efficiency rating of at least 75 percent
|Central air conditioners||CEE highest tier below Advanced Tier||$600 per AC unit|
| Natural gas, propane, oil
|CEE highest tier below Advanced Tier||$600 per water heater|
| Natural gas, propane, or
oil furnaces or hot water
| CEE highest tier below Advanced Tier
Oil furnaces and hot water boilers can also
qualify if they meet 2021 Energy Star and
are rated by manufacturer for use with at least
20 percent biofuel blends
| $600 per furnace/boiler
|Electric Panel (panelboard, sub-panelboard, branch circuit, or feeders)|| Have a load capacity of at least 200 amps and are installed in connection with and enable the
installation/use of any other types of property
described under the earlier headings
|$600 per property|
|Home energy audits|| Must be conducted by a certified home energy
Tax Credits for Residental Energy Property
Individuals can receive a tax credit of 30 percent of the cost of property for rooftop solar and other residential clean energy systems installed on their homes.
Eligible property includes:
- Small wind
- Residential solar and solar water heaters
- Geothermal heat pumps
- Battery storage
- Fuel cells
Eligible expenditures include certain onsite installation costs. Solar expenditures include products such as solar shingles. For more information, see this IRS Q&A.
If an individual does not have sufficient tax liability to use up the entire credit amount during the year they install the property, they may carryforward any remaining credit to future tax years.
Additionally, individuals may see reduced pricing from community solar or solar leasing options, where the commercial entity takes the business credit for the property, rather than the individual.
Tax Credits for Electric Vehicles and EV Charging
New EVs: Individuals can receive up to a $7,500 tax credit to offset their current year tax liability for the purchase of an electric vehicle or plug-in hybrid vehicle, if the vehicle was assembled in North America.
Restrictions on the price of the car, your personal income, and the content of the car apply. Click HERE to find out which vehicles qualify and how to receive the tax credit.
Used EVs: Individuals can receive a tax credit of up to $4,000 for certain used electric vehicles and plug-in hybrids purchased through a dealership. The vehicle must be at least two years old, have a battery capacity of at least 7kW hours, and be sold by a participating dealer. Click HERE to learn more.
What about EV charging equipment? Individuals who live in a low-income census tract or do not live in an urban area are eligible for a 30 percent tax credit on the cost of charging or refueling equipment, up to a $1,000 credit.