Home Energy Audits May Be Eligible For a Tax Credit

A home energy audit has 3 benefits:

1.     May find ways to cut your energy bill

2.     Conserving energy is better for the environment

3.     May be eligible for a 30% percent tax credit

To qualify for the tax credit:

·        There must be a written report

·        Must be a dwelling unit in the United States that is owned or used by the taxpayer as the taxpayer’s principal residence. Rental properties or second homes don’t qualify.

·        The inspection and written report must identify the most significant and cost-effective energy efficiency improvements for the dwelling unit, including an estimate of the energy and cost savings for each improvement.

·        A certified home auditor must conduct the audit.

The credit is 30 percent of the cost, capped at $150. So a $500 energy audit will qualify for the maximum $150 credit ($500 * 30%).