Sunday, April 12, 2015

" What Residential Energy Tax Credits Are Available ? "

For Home Energy Credits, list the details:
A) Residential Credit:
     1. Part of the Maximum Energy Savings Cost For Doors & Windows is 10% of the Invoice. The    maximum Energy credit is capped at 200$ for Windows and Doors.
     2.  Maximum Life Time Credit Limit is 500$ 
     3.  Energy Credit applies to your main home in US.
     4. Use Form 5695 to claim Residential Credit.
B) Efficient Property Credit:
    For Alternate Energy Efficient Property Credit such as water heaters, Solar etc. 30% of Invoice is Credit. There is no Credit limit. If your credit is more than the Tax  you owe, it can be carried forward to the following year.  This Credit is available through 2016.  Home must be is USA .


For Q & A Contact :  Kash, (925) 963 4891 @ Yajnik & Mehta Associates  (YMA) 
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