Tax Credit FAQs
Below are some basic IRA tax credit FAQs. Find additional FAQs on the IRA tax credits in U.S. Internal Revenue Service fact sheet FS-2022-40 here.
Q: Who is eligible for tax credits?
A: Homeowners, including renters for certain expenditures, who purchase energy and other efficient appliances and products.
Q: How do consumers get the tax credit(s)?
A: If you made energy saving improvements to your home, fill out IRS Form 5695, following IRS instructions, and include it when filing your tax return. Include any required product receipts.
Q: Are there limits to what consumers can claim?
A: Consumers can claim the same or varying credits year after year with new products purchased, but some credits have an annual limit.
Q: How do consumers find qualified professionals to conduct home energy audits?
A: Visit Duquesne Light Company’s Residential Comprehensive Audit page to learn how the Residential Comprehensive Audit provides our customers a professional, energy audit, complete with suggestions on how to reduce your energy usage and save you money.
Q: What heating and cooling products are eligible for IRA tax credits?
A: Eligible products include Air Source Heat Pumps, Central Air Conditioners, Ductless Heat Pumps, Ductless Air Conditioners, Geothermal Heat Pumps, Boilers and Furnaces.
Q: What water heating products are eligible for IRA tax credits?
A: Eligible products include Heat Pump Water Heaters, Tankless Gas Water Heaters, Solar Water Heaters and Gas Storage Water Heaters.
Q: What building products are eligible for IRA tax credits?
A: Sealing and Insulation Products, Windows & Skylights and Exterior Doors.
Q: What residential clean energy products are eligible for IRA tax credits?
A: Fuel Cells, Battery Storage Technology and Solar Panels (Photovoltaic Systems).
Q: What miscellaneous products are eligible for IRA tax credits?
A: Electric Panel Upgrades, Home Energy Audits and Electric Vehicle Charger.
Q: What if I have questions about products, standards, codes or other eligibility requirements referenced above?
A: Ask a trusted contractor, plumber or electrician.