The property must be original use property installed in your main home in the United States. No more than $200 can be for exterior windows. The maximum lifetime credit for all types of property combined is $500 for tax year 2022 and all prior years. Natural gas, propane, or oil water heaters. Natural gas, propane, or oil water boilers.Advanced main air-circulating fan used in a natural gas, propane, or oil furnace.These are home appliances that improve the home’s heating and cooling efficiency. Storm windows and storm doors installed over certain types of windows and doors.Property placed in service in tax year 2022įor property placed in service prior to 2023, the Nonbusiness Energy Tax Credit is available for energy efficient home improvements that include building envelope components and energy properties (energy efficient home improvements that increased the heating and cooling efficiency of your primary residence). It’s important to note that the credit will follow different rules depending on the year the property is placed in service. With the Inflation Reduction Act of 2022, the Nonbusiness Energy Property Credit was extended through 2032 and renamed the Energy Efficient Home Improvement Credit. Nonbusiness Energy Property Credit (Energy Efficient Home Improvement Credit)
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