March 17, 2025

Maximize Your Home Energy Tax Credits for 2024 with Welgaard CPAs & Advisors

As homeowners look for ways to reduce energy costs and improve efficiency, the federal government offers valuable tax credits to encourage energy-efficient home upgrades. If you're planning to make improvements in 2024, it's essential to understand how these incentives work and how much you can claim. Welgaard CPAs & Advisors can help you navigate these credits and maximize your savings this tax season.

What Are Home Energy Tax Credits?

The federal government provides tax credits to homeowners who invest in energy-efficient improvements under the Energy Efficient Home Improvement Credit and the Residential Clean Energy Credit. These credits are designed to offset the cost of qualifying home upgrades that improve energy efficiency and reduce carbon emissions.

How Much Can You Claim?

Energy Efficient Home Improvement Credit

This credit allows homeowners to claim up to $3,200 per year for eligible improvements, including:

  • $1,200 limit for energy-efficient upgrades such as insulation, energy-efficient doors and windows, and home energy audits.
  • $2,000 limit for heat pumps, biomass stoves, and other advanced energy systems.

Residential Clean Energy Credit

This credit covers 30% of the cost of qualified renewable energy installations, including:

  • Solar panels
  • Solar water heaters
  • Wind turbines
  • Geothermal heat pumps
  • Battery storage technology (minimum 3 kWh capacity)

There is no cap on the amount you can claim under this credit, making it an excellent incentive for homeowners looking to make long-term investments in renewable energy.

Why Work with Welgaard CPAs & Advisors?

While these credits provide significant savings, navigating IRS requirements and maximizing your claim can be complex. That’s where Welgaard CPAs & Advisors comes in. Our experienced tax professionals can help you: ✅ Determine eligibility for energy credits based on your home improvements.
✅ Ensure all necessary documentation is prepared and filed correctly.
✅ Strategize additional tax savings opportunities tailored to your financial situation.
✅ Avoid costly mistakes that could delay your refund or reduce your credit amount.

Plan Now to Save Later

If you’re considering energy-efficient upgrades, 2024 is a great year to take advantage of these valuable tax credits. Don’t leave money on the table—partner with Welgaard CPAs & Advisors to ensure you receive the maximum benefit.

📞 Contact us today to schedule a consultation and start planning for tax season!