Which residential energy-efficient property credit deductions are available for second homes?
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
Learn more about tax filing requirements and tax filing information with the experts at H&R Block.
Are commuting costs deductible on your taxes? Learn more from the tax experts at H&R Block.
Find out more about the gross cap on medical expenses with help from the tax experts at H&R Block.
Learn what to do if your dependent received a W2 and how that may impact your return with advice from the tax experts at H&R block.