How to Earn the Residential Energy Efficiency Property Credit in Roanoke in 2020

In regard to energy-efficient HVAC installation in Roanoke, there’s good news for you at tax time.

The Residential Energy Efficient Property Credit has been lengthened through 2020. This might qualify you for reductions for energy-efficient home enhancements, like modern heating and cooling equipment, water heaters and heat pumps.

What Equipment is Eligible?

To be entitled for the credit, the home is required to be the taxpayer’s primary house in the U.S. The improvement should have a life of a minimum of five years, with the initial use originating with the homeowner.

What Types of Enhancements are Considered High-Efficiency Upgrades?

Generally, this tax reduction is equivalent to 10% of the price of the subsequent energy-saving enhancements that match particular ENERGY STAR® conditions:

  • 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
  • Particular metal and asphalt roofing
  • Qualified exterior storm windows, skylights and storm doors
  • Solar/geothermal energy equipment, such as solar electricity, solar water heaters and geothermal heat pumps

Am I Limited to Claiming a Certain Amount?

Yes, there’s a lifetime limit of $500 per home. This means if you have claimed this incentive in prior years, you are required to reduce any credit you already claimed.

If you have claimed the maximum amount, you won’t be eligible for any additional reductions through this continuation.

Credit Limits for Particular Units

Credits have a limit for a few participating 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 System Today

Been procrastinating upgrading your heating and cooling system? Call the Experts at 540-302-8645 or contact us online. We can help you find an energy-efficient system you can get tax benefits from the next year.

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