If you are installing renewable energy systems in your primary or other residences, you may be eligible for a valuable tax break.
If your home improvements qualify, the Nonbusiness Energy Tax Credit can reduce your federal tax bill, dollar-for-dollar, by a percentage of your energy equipment and labor costs.
LBMC tax tips are provided as an informational and educational service for clients and friends of the firm. The communication is high-level and should not be considered as legal or tax advice to take any specific action. Individuals should consult with their personal tax or legal advisors before making any tax or legal-related decisions. In addition, the information and data presented are based on sources believed to be reliable, but we do not guarantee their accuracy or completeness. The information is current as of the date indicated and is subject to change without notice.