01/16/2024
This year the IRS has improved the Energy-Efficient Home Improvement Credit:
This credit increased from 10% of the purchase price of certain qualified energy-efficient improvements up to 30% of the cost. If you added new windows or doors to your home during 2023, the credit could be up to $1,200 this year. If you installed a qualified heat pump, biomass stove or biomass boiler, the credit could be up to $2,000. The other important change to note is that there is no longer a lifetime dollar limit to these credits. In previous years, there was a lifetime limit of $500. Now, you could potentially get a $1,200 credit every year if you had qualified purchases.