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  • Writer's picturePamela Ford

Residential Clean Energy Credit

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.

  • Fuel cells.

  • Battery storage.

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

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