Note: this page is for informational purpose only. Please seek tax advice from your tax professional.
This tax credit allows homeowners of either new or existing homes to claim a federal tax credit of up to 30% of cost of clean energy equipment through 2032; 26% in 2033; 22% in 2034 Equipment must be installed during the tax year. These upgrades include the following list with the associated restrictions specific to the upgrade:
| Property Improvement | Qualifying Properties | Non-Qualifying Properties |
Non-Federal Incentives (Requirements and elegibilitiy may differ) |
| Solar electric (solar panels) | New and existing homes, second homes | Rental properties | Additional Incentive by the Sponsors of Energize Connecticut |
| Solar water heaters | New and existing homes, second homes | Rental properties | |
| Geothermal / Ground Source heat pumps | New and existing homes, second homes | Rental properties | Additional Incentive by the Sponsors of Energize Connecticut |
| Battery storage technology | New and existing homes, second homes | Rental properties | Additional Incentive by the Sponsors of Energize Connecticut |
| Fuel cells with a cap of up to $500 per 0.5 kW of capacity | New and existing homes | Second homes and rental properties |
In order to receive the credit, the following energy efficiency requirements must be met:
- Solar water heating property must be certified for performance by the non-profit Solar Rating Certification Corporation www. solar-rating.org
- Geothermal heat pump property must meet the requirements of the ENERGY STAR program which are in effect at the time that the expenditure for such equipment is made: Geothermal Heat Pumps Tax Credit | ENERGY STAR
- Battery storage technology property must have a capacity of 3 kilowatt-hours or greater.
To claim the Residential Clean Energy Property Credit, you will need to fill out IRS Form 5695 and include it with your tax return. Make sure to keep receipts and documentation for all qualifying expenditures.
Additional Energy Efficiency Incentives
In addition to the federal tax credit mentioned above, there are energy efficiency opportunities offered through our Energize Connecticut programs that offer additional rebates or incentives. (Restrictions may apply).
