Tax Credits for Home Improvements...

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Energy Efficient Home Improvements Property Credits.

Currently on your IRS Form 5695 and Form 3468  you can claim the following tax credits for 2024. See the IRS Website or Your Tax Advisor for details.

For the "Energy Efficient Home Improvement Credit", the following requirements apply:

● Home Energy Audits WA: $150 towards the cost of our Energy Audit ($200-$150=$50 for our Report). 

● Exterior doors (30% of costs up to $250 per door, up to a total of $500).

● Exterior Windows and Skylights (30% of costs up to $600).

● Insulation materials or systems, and air sealing materials or systems, and air sealing materials or systems (30% of costs).

● Central air conditioners; natural gas, propane, or oil water heaters; natural gas, propane or oil furnaces or hot water boilers; electric or natural gas heat pumps (30% of costs, including labor, up to $600 for each item).

● Electric or natural gas heat pump water heaters. Biomass stoves or biomass boilers. Improvements to panelboards, sub-panelboards, branch circuits, or feeders (30% of costs, including labor, up to $600 for each item).

● For all of the credits above, the home must be located in the United States and owned or used by the taxpayer as the taxpayer's principal residence (includes renters).

Residential Clean Energy Property Credits.

Currently on your IRS Form 5695 and Form 3468 you can claim the following tax credits for 2024. See the IRS Website or Your Tax Advisor for details.

For the "Residential Clean Energy Property Credit", the following requirements apply:

• Solar Water Heating (30% of costs, including labor).
• Solar Electric Roof-top or Ground-Mounted Systems (30%-40% of costs, including labor).
• Small Wind Energy (30% of costs, including labor).
• Geothermal Heat Pump (30% of costs, including labor).
• Battery-backup Storage technology and Batteries for SOLAR On-Grid and Off-Grid applications (30% of costs, including labor).

With all the credits above, the home must be located in the United States and used as a residence by the taxpayer (includes renters).