These 13 Home Energy Tax Credits Expire in 2016

At the end of 2016, the clock runs out on several federal tax credits for homeowners who made energy upgrades during the year. A tax credit reduces the amount of tax owed, so it's different from a tax deduction, rebate, or refund.

Use Energy Saver's reference list below to see if you are eligible for qualifying credits when filing IRS Tax Form 5695 with your taxes. Bonus points for having your receipts and manufacturer's certification statement on hand!

HOME EFFICIENCY IMPROVEMENTS

First-time claimers of the Residential Energy Efficiency Tax Credit can get as much as $500 back for qualifying installations in 2016. Follow the links below to review specific requirements for each product. Remember that to claim the credit, all products must have been placed in service by December 31, 2016.

BUILDING ENVELOPE IMPROVEMENTS

  • Building Insulation
  • Exterior Doors
  • Roofs (metal and asphalt)
  • Windows

HEATING, COOLING AND WATER-HEATING EQUIPMENT

  • Central Air Conditioners
  • Biomass Stoves
  • Boilers
  • Furnaces
  • Heat Pumps
  • Water Heaters (non-solar)

HOME RENEWABLE ENERGY SYSTEMS

Thanks to the Residential Renewable Energy Tax Credit, you can get a tax credit of 30% for the cost of adding these renewable energy technologies to your house: 

  • Fuel Cells
  • Geothermal Heat Pumps
  • Solar Photovoltaics*
  • Solar Water Heat*
  • Residential Wind Turbines

*We gave you 15, not 13, because the tax credit for home solar PV and water heating systems doesn't expire for another five years, but the percentage you can claim gradually drops off after 2019. Now is the time to start planning your solar energy system! 

Published: 04/27/2017

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