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  • ENERGY STAR

Is the tax credit non-refundable?

  • October 18, 2024 17:11

Both the Energy Efficient Home Improvement Credit and the Residential Clean Energy Property Credit are nonrefundable personal tax credits. A taxpayer claiming a nonrefundable credit can only use it to decrease or eliminate tax liability. A taxpayer will not receive a tax refund for any amount that exceeds the taxpayer’s tax liability for the year.
 

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  • What tax credits are available?
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  • What records should I keep when claiming the tax credits?
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  • Can I still get a tax credit for a home improvement installed 2 years ago that I failed to apply for?

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