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HVAC System Installed in 2022

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    HVAC System Installed in 2022

    Client purhased and installed a new HVAC System (all electric) in March, 2022 for an existing home. Total cost $9,163.00. I have reviewed instructions on the tax credit and I have noted there were changes passed in December, 2022 regarding energy efficient systems. I do not see in the IRS Form 5693 where this system would be recorded and I wonder if there is a tax credit available for this system for 2022? If so, what form is to be used? Thanks for your help on this subject.

    #2
    Here are the instructions for the energy credits - https://www.irs.gov/pub/irs-pdf/i5695.pdf

    Uncle Sam, CPA, EA. ARA, NTPI Fellow

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      #3
      Originally posted by Forensicacctnt View Post
      Client purhased and installed a new HVAC System (all electric) in March, 2022 for an existing home. Total cost $9,163.00. I have reviewed instructions on the tax credit and I have noted there were changes passed in December, 2022 regarding energy efficient systems. I do not see in the IRS Form 5693 where this system would be recorded and I wonder if there is a tax credit available for this system for 2022? If so, what form is to be used? Thanks for your help on this subject.
      Don’t know the specific SEER on this unit but might qualify for the $300 credit placed on line 22a of Form 5695

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