2034: 22%, no annual maximum or lifetime limit.2033: 26%, no annual maximum or lifetime limit.2022 to 2032: 30%, no annual maximum or lifetime limit.Solar, wind and geothermal power generation.Get details on the Energy Efficient Home Improvement Credit. 2023 through 2032: 30%, up to a maximum of $1,200 (heat pumps, biomass stoves and boilers have a separate annual credit limit of $2,000), no lifetime limit.2022: 30%, up to a lifetime maximum of $500.The amount of the credit you can take is a percentage of the total improvement expenses in the year of installation: Central air conditioners, water heaters, furnaces, boilers and heat pumps.Exterior doors, windows, skylights and insulation materials.These expenses may qualify if they meet requirements detailed on : The credits are never available for improvements made to homes that you don't use as a residence. Renters may also be able to claim credits, as well as owners of second homes used as residences. Homeowners who improve their primary residence will find the most opportunities to claim a credit for qualifying expenses. You can claim either the Energy Efficient Home Improvement Credit or the Residential Energy Clean Property Credit for the year when you make qualifying improvements. We'll help you compare the credits and decide whether they apply to expenses you've already paid or will apply to improvements you're planning for the future. The credit amounts and types of qualifying expenses were expanded by the Inflation Reduction Act of 2022. If you make energy improvements to your home, tax credits are available for a portion of qualifying expenses.
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