Tax Topic

Residential Energy Efficient Propery Credit


This energy tax credit will help individual taxpayers pay for qualified residential alternative energy equipment, such as solar energy systems (water heating and electricity). The credit can offset both regular tax and AMT. The credit applies for property installed in a personal residence in the U.S. The credit is available for existing homes and new construction; however rental homes do not qualify. The installation work must have been completed by December 31, 2017 to claim the credit on the 2017 tax return.

Here is a link the Energy Star website: http://www.energystar.gov/index.cfm?c=tax_credits.tx_index


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