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renovating house

Your Guide to the Home Renovation Tax Credit

Updating your property? A home renovation tax credit or tax deduction could save you serious cash.


[Updated: Apr 28, 2021 ] Jul 01, 2020 by Aly J. Yale

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Tax Credit Amount Types of Improvements
Renewable energy tax credit 22% to 30% of the system's cost, including installation Fuel cell systems.
Geothermal heat pumps.
Small wind turbines.
Solar energy systems.
Solar water heaters.
Nonbusiness energy property tax credit $50 to $500 Biomass stoves.
Central air conditioners.
Doors.
Energy-star rated air source heat pumps.
Fans.
Furnaces.
Hot water boilers.
Insulation.
Roofing.
Water heaters.
Windows.

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