Residential Energy Efficient Property – I.R.C. § 25D

 

Known also as the Residential Alternative Energy Credit, this credit equals 30 percent of the cost of qualifying small wind, solar water heating, solar electric, geothermal heat pump, and fuel cell property placed in service in a U.S. dwelling used as a residence by the taxpayer. Expenditures that are allocable to swimming pools and hot tubs are not eligible for the credit. The credit applies to qualifying non-solar property placed in service before January 1, 2017. The PATH Act extended this credit for qualifying solar property placed in service before 2022, but it phases out over the last two years. The credit remains 30% through 2019. For qualifying solar property placed in service in 2020, the credit is 26%, and for 2021, the credit is 22%.

 

File Download: Federal Tax Incentives: Renewable Energy