Residential Clean Energy Credit
Updated: Nov 15
Here's an awesome credit that will assist homeowners in reducing taxes:
Taxpayers can also claim the Residential Clean Energy Credit for qualifying costs for either an existing home or a newly constructed home. Qualifying costs may include:
Solar, wind and geothermal power generation equipment.
Solar water heaters.
The amount of the credit taxpayers can take is a percentage of the total improvement expenses in the year of installation:
2022 to 2032: 30%, no annual maximum or lifetime limit.
2033: 26%, no annual maximum or lifetime limit.
2034: 22%, no annual maximum or lifetime limit