Residential Energy Efficiency Tax Credit
Note: Section 13301 of The Inflation Reduction Act of 2022 (H.R. 5376) modified this tax credit and extended the expiration date. Among other changes, the bill replaced the credit’s previous $500 lifetime limit per taxpayer with an annual limit of $1,200.
Property placed in service after 12/31/2022:
H.R. 5376 of 2022 modified the value of this tax credit, making it 30% of the cost of an item or improvement. Each item or improvement has a separate tax credit cap as shown below, and a taxpayer cannot claim more than $1,200 in total tax credits per year, except as
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