Nonbusiness Energy Property Credit
The nonbusiness energy property credit is available for certain qualifying energy efficiency improvements or residential energy property costs. The qualifying items are:
- Biomass stoves
- Heating, ventilating, air-conditioning (HVAC)
- Roofs (metal and asphalt)
- Water heaters (non-solar)
- Windows and doors
The nonbusiness energy property credit is subject to the following limitations:
- A total combined credit limit of $500 for all tax years after 2005.
- A combined credit limit of $200 for windows, for the total amount of all tax years after 2005.
- A maximum credit for residential energy property costs of $50 for any advanced main air circulating fan; $150 for any qualified natural gas, propane, or oil furnace, or hot water boiler; and $300 for any item of energy-efficient building property.