Definition
Federal tax credits for residential energy improvements including solar panels, efficiency upgrades, and heat pumps.
Not sure where this fits?
Answer a few questions and we’ll open the path that fits, at the right step.
Find my pathAbout this term
Credits cover 30-40% of eligible improvement costs. Credits include solar, wind, geothermal, and efficiency upgrades. Credits don't require itemizing. Credits apply against tax liability. Credits have increased in recent law changes.
Pro Tip
Energy credits significantly improve efficiency project ROI; include in cost-benefit analysis.
Example
Tax credit of $6,000 (30%) for $20,000 solar panel installation.