Renewable Energy Tax Credits

Under the Consolidated Appropriations Act of 2021, the renewable energy tax credits for fuel cells, small wind turbines, and geothermal heat pumps now feature a gradual step down in the credit value, the same as those for solar energy systems.

Tax Credit: 

• 26% for systems placed in service after 12/31/2019 and before 01/01/2023
• 22% for systems placed in service after 12/31/2022 and before 01/01/2024

Expires:  December 31, 2023

Details:  Existing homes and new construction qualify.  Both principal residences and second homes qualify. Rentals do not qualify.