Advertiser Disclosure

advertising disclaimer
Skip to main content
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

Get our 43-Page Guide to Real Estate Investing Today!

Real estate has long been the go-to investment for those looking to build long-term wealth for generations. Let us help you navigate this asset class by signing up for our comprehensive real estate investing guide.

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.
Energy-star rated air source heat pumps.
Hot water boilers.
Water heaters.

Got $1,000? The 10 Top Investments We’d Make Right Now

Our team of analysts agrees. These 10 real estate plays are the best ways to invest in real estate right now. By signing up to be a member of Real Estate Winners, you’ll get access to our 10 best ideas and new investment ideas every month. Find out how you can get started with Real Estate Winners by clicking here.