How to Claim the Residential Energy Efficiency Property Credit in Fort Worth in 2020

When it comes to energy-efficient HVAC installation in Fort Worth, there’s great news for homeowners at tax time.

The Residential Energy Efficient Property Credit has been lengthened through 2020. This might entitle you to incentives for energy-efficient home improvements, like updated heating and cooling equipment, water heaters and heat pumps.

What Makes My Purchase Eligible?

To become eligible for the incentive, the home must be the taxpayer’s main residence in the United States. The improvement needs to work for a minimum of five years, with the original use beginning with the taxpayer.

What Varieties of Changes are Regarded as High-Efficiency Updates?

Typically, this tax credit is equivalent to 10% of the expense of the following energy-saving enhancements that achieve certain ENERGY STAR® requirements:

  • Advanced main air-circulating fans
  • Energy-efficient gas, propane or oil furnaces
  • Energy-efficient gas, propane or oil hot water boilers
  • Energy-efficient heat pumps
  • Energy-efficient water heaters
  • Energy-efficient central air conditioners
  • Insulation
  • Energy-efficient metal and asphalt roofing
  • Qualified exterior storm windows, skylights and storm doors
  • Solar/geothermal energy solutions, like solar electricity, solar water heaters and geothermal heat pumps

How Much Can I Claim?

Yes, there’s a lifetime restriction of $500 per home. This means if you have taken this reduction in previous years, you are required to reduce any credit you previously claimed.

If you have claimed the max amount, you won’t qualify for any extra incentives under this continuation.

Credit Caps for Certain Equipment

Tax reductions have a limit for a couple of eligible equipment:


  • Windows and skylights—$200
  • Advanced main air circulation—$50
  • Hot water boilers—$150
  • Energy-efficient systems—$300

If you have questions about how you can benefit from the extension of the residential energy efficient property tax credit, download Form 5695 or contact your tax advisor for assistance.

Upgrade Your Heating and Cooling Equipment Today

Been putting off installing new heating and cooling system? Reach the Experts at 817-380-5647 or contact us online. We can help you find an energy-efficient system you can reap tax benefits during the upcoming year.

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