How to Claim the Residential Energy Efficiency Property Credit in Boise in 2020

In regard to energy-efficient HVAC installation in Boise, there’s fantastic news for you this tax period.

The Residential Energy Efficient Property Credit has been extended through 2020. This may qualify you for incentives for energy-efficient home improvements, like new heating and cooling units, water heaters and heat pumps.

How Do I Know if My Equipment Qualifies?

To become eligible for the credit, the home must be the taxpayer’s primary residence in the USA. The improvement needs to work for a minimum of five years, with the first use beginning with the taxpayer.

What Varieties of Enhancements are Considered High-Efficiency Updates?

Usually, this tax credit corresponds with 10% of the cost of the subsequent energy-saving changes that meet specified ENERGY STAR® requirements:

  • Advanced main air-circulating fans
  • Energy-efficient gas, propane or oil furnaces
  • Energy-efficient gas, propane or oil hot water boilers
  • Energy-efficient heat pumps
  • Energy-efficient water heaters
  • Energy-efficient central air conditioners
  • Insulation
  • Qualified metal and asphalt roofing
  • Energy-efficient exterior storm windows, skylights and storm doors
  • Solar/geothermal energy equipment, for example solar electricity, solar water heaters and geothermal heat pumps

Is There a Limit to How Much I Can Claim?

Yes, there’s a lifetime maximum credit of $500 per home. This means if you have claimed this incentive in previous years, you are required to lower any credit you claimed earlier.

If you have claimed the max amount, you won’t be eligible for any additional incentives under this continuation.

Credit Maximums for Certain Items

Tax reductions are limited for a couple of qualified solutions:


  • Windows and skylights—$200
  • Advanced main air circulation—$50
  • Hot water boilers—$150
  • Energy-efficient systems—$300

If you have questions about how you can benefit from the extension of the residential energy efficient property tax credit, download Form 5695 or contact your tax advisor for assistance.

Enhance Your Heating and Cooling Units Today

Been procrastinating buying new heating and cooling system? Reach the Experts at 208-488-4892 or contact us online. We can help you select an energy-efficient system you can get tax benefits from the following year.

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