Question

Which residential energy-efficient property credit deductions are available for second homes?

Answer

You’re eligible for the residential energy-efficient property credit if you have installed any of these:

  • Solar water heating
  • Solar power panels
  • Small wind systems
  • Geothermal heat pumps
  • Fuel cell technology — principal residence only

With the exception of the Fuel cell Residential Energy Efficient Property Credit Second homes will qualify under the Residential Energy Efficient Property Credit. Rentals qualify for neither credit, the residential energy-efficient property credit deduction nor the nonbusiness energy property credit

Related Topics

Related Resources

Dealing with the Death of a Loved One and Related Tax Implications

In honor of Day of the Dead, learn everything that you need to know about filing taxes for a deceased loved one with the experts at H&R Block.

Preparing Your Tax Document Checklist

If you are just getting your tax documents together and figuring out what to do next, here is a handy checklist to help you keep everything organized.

Second Home Tax Qualifications

Learn what qualifies as a second home with guidance from the tax experts at H&R Block.

Gas Mileage Expense For College Travel

Can you deduct a gas mileage expense for travel to and from college? Learn more from the tax experts at H&R Block.