Updates

For tax year 2023 the "Energy Efficient Home Improvement Credit" has replaced the "Nonbusiness Energy Property Credit"

Significant Changes and Limitations:

• Now an annual credit instead of lifetime credit

• 30% of costs up to $1,200 for all energy efficient home improvements with limits on doors ($250 per door and $500 total), windows ($600) and home energy audits ($150)

• 30% of costs up to $2,000 for qualified heat pumps, biomass stoves or biomass boilers

Some qualified energy efficiency improvements consist of energy efficient insulation and, exterior windows and doors. (Roofs are no longer qualified)