Residential Energy Efficient Property Credit

What are Residential Energy Efficient Property Credit?

You may be able to take a credit of 30% of your costs of qualified:

• phytovoltaic property,
• solar water heating property and
• fuel cell property.

What costs are included in the residential energy efficient property credit?

This includes labor costs properly allocable to the onsite preparation, assembly, or original installation of the property and for piping or wiring to interconnect such property to the home.

Limits on the residential energy efficient property credit

• $2,000 for qualified photovoltaic property costs
• $2,000 for qualified solar water heating property costs, and
• $500 for each half kilowatt of capacity of qualified fuel cell property for which qualified fuel cell property costs are paid.

Qualified Photovoltaic property costs

Qualified photovoltaic property costs are costs for property that uses solar energy to generate electricity for use in a home located in the United States and used as a home. This includes costs relating to a solar panel or other property installed as a roof or a portion of a roof.

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