Nonbusiness Energy Property Tax Credit - Eligibility

Eligibility

For an improvement to be eligible for the credit it must meet the following qualifications: (1) a component must meet or exceed the criteria established by the 2009 International Energy Conservation Code; (2) component is installed in or on a dwelling unit located in the United States and owned and used by the taxpayer as the taxpayer’s principal residence; (3) the original use of such component commences with the taxpayer and (4) such component reasonably can be expected to remain in use for at least 5 years.

Residential energy property expenditures are eligible for the credit if the purchase: (1) is installed on or in connection with a dwelling unit located in the United States and owned by the taxpayer and used as his principal residence (section 121); (2) the item is originally placed in service by the taxpayer and (3) it is qualified energy property as defined by 26 U.S.C. § 25C(d)(2)(a) that meets certain performance and quality standards established by the code or by the Secretary.