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.
The new law allows this credit to any dwelling unit used as a residence by the taxpayer, meaning that second homes qualify.
If you have any of the following expenses provide us a copy of the purchase invoice when you submit your tax documents so we can determine if your purchase qualifies:
- Exterior doors, windows, skylights and insulation materials
- Central air conditioners, water heaters, furnaces, boilers and heat pumps
- Solar, wind and geothermal power generation
- Solar water heaters