Home Energy Tax Credits
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Home Energy Tax Credits
IRS.gov/homeenergy
If you make energy improvements to your home, tax credits are available for a portion of qualifying expenses. The credit
amounts and types of qualifying expenses were expanded by the Inflation Reduction Act of 2022.
Who Can Claim the Credits
You can claim the Energy Efficient Home Improvement Credit and the Residential Clean Energy Credit for the year when
you purchase and install qualifying improvements.
Homeowners who improve their primary residence will find the most opportunities to claim a credit for qualifying expenses.
Renters may also be able to claim credits, as well as owners of second homes used as residences.
The credits are never available for improvements made to homes that you don’t use as a residence.
Energy Efficient Home Improvement Credit
Qualifying Credit Amounts and Expenses
These expenses may qualify if they meet requirements detailed on energy.gov:
•
•
•
•
Exterior doors, windows, skylights and insulation materials
Central air conditioners, water heaters, furnaces, boilers and heat pumps
Biomass stoves and boilers
Home energy audits
The amount of the credit you can take is a percentage of the total improvement
expenses in the year of installation:
•
•
2022: 30%, up to a lifetime maximum of $500
2023 through 2032: 30%, up to a maximum of $1,200 (water heaters, heat
pumps, biomass stoves, and boilers have a separate annual credit limit of
$2,000), no lifetime limit
How to Claim
the Credit
File Form 5695,
Residential Energy
Credits Part II, with
your tax return.
You must claim
the credit for the
tax year when
the improvement
is installed (not
purchased).
Get details on the Energy Efficient Home Improvement Credit.
*For 2022, biomass stoves and boilers are treated as a Residential Clean Energy Credit with no lifetime maximum.
Residential Clean Energy Credit
Qualifying Credit Amounts and Expenses
These expenses may qualify if they meet requirements detailed on energy.gov:
•
•
•
•
Solar, wind and geothermal power generation
Solar water heaters
Fuel cells
Battery storage (beginning in 2023)
The amount of the credit you 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
Get details on the Residential Clean Energy Credit.
How to Claim
the Credit
File Form 5695,
Residential Energy
Credits Part I, with
your tax return to
claim the credit.
You must claim
the credit for the
tax year when
the improvement
is installed (not
purchased).
Publication 5797 (6-2023) Catalog Number 94020W Department of the Treasury Internal Revenue Service www.irs.gov
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.