The residential energy credits are.
Irs energy efficient tax credit 2018.
This includes the cost of installation.
Residential energy efficient property credit this tax credit is 30 percent of the cost of alternative energy equipment installed on or in a home.
Form 8908 pdf information about form 8908 energy efficient home credit including recent updates related forms and instructions on how to file.
150 for any qualified natural gas propane or oil furnace or hot water boiler.
Eligible contractors use form 8908 to claim a credit for each qualified energy efficient home sold or leased to another person during the tax year for use as a residence.
And 300 for any item of energy efficient building property.
You can claim a maximum credit of 50 for advanced main air circulating fans 150 for a qualifying furnace or boiler and 300 for energy efficient building property.
This lifetime cap means that if you ve claimed at least 500 in credits in the past you won t be able to claim credits again in 2018 if congress renews the credit.
Use form 5695 to figure and take your nonbusiness energy property credit and residential energy efficient property credit.