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

Child Tax Credit

Learn more about the child tax credit, income phase out rules and claiming additional credits with the tax experts at H&R Block.

I’m a full-time student who earns income, but someone else paid my tuition. Can I claim any tuition tax credits?

Can you file for an education tax credit if you're not paying tuition? Learn more from the tax experts at H&R Block.

Adoption Expenses

Learn more about the adoption credit and qualified adoption expenses from the tax experts at H&R Block.

General Business Credit – Form 3800

Learn more about the components of the general business tax credit and get tax answers at H&R Block.