Enlarge image | OMB No. 1545-0074 Form 5695 Residential Energy Credits Attach to Form 1040, 1040-SR, or 1040-NR. Department of the Treasury Attachment 2024 Internal Revenue Service Go to www.irs.gov/Form5695 for instructions and the latest information. Sequence No. 75 Name(s) shown on return Your social security number Part I Residential Clean Energy Credit (See instructions before completing this part.) Note: Skip lines 1 through 11 if you only have a credit carryforward from 2023. Enter the complete address of the home where you installed the property and/or technology associated with lines 1 through 4 and 5b. For more than one home, see instructions. Number and street Unit no. City or town State ZIP code 1 Qualified solar electric property costs . . . . . . . . . . . . . . . . . . . . . 1 2 Qualified solar water heating property costs . . . . . . . . . . . . . . . . . . . 2 3 Qualified small wind energy property costs . . . . . . . . . . . . . . . . . . . 3 4 Qualified geothermal heat pump property costs . . . . . . . . . . . . . . . . . . 4 5 a Qualified battery storage technology. Does the qualified battery storage technology have a capacity of at least 3 kilowatt hours? (See instructions.) If you checked the “No” box, you cannot claim a credit for qualified battery storage technology . . . . . . . . . . . . . . . . . . . . . 5a Yes No b If you checked the “Yes” box, enter the qualified battery technology costs . . . . . . . . . 5b 6a Add lines 1 through 5b . . . . . . . . . . . . . . . . . . . . . . . . . . 6a b Multiply line 6a by 30% (0.30) . . . . . . . . . . . . . . . . . . . . . . . . 6b 7 a Qualified fuel cell property. Was qualified fuel cell property installed on, or in connection with, your main home located in the United States? (See instructions.) . . . . . . . . . . . . . . 7a Yes No If you checked the “No” box, you cannot claim a credit for qualified fuel cell property. Skip lines 7b through 11. b Enter the complete address of the main home where you installed the fuel cell property. Number and street Unit no. City or town State ZIP code c If the special rule for joint occupants applies, check here and attach a statement. (See instructions.) 8 Qualified fuel cell property costs . . . . . . . . . . . . . . . 8 9 Multiply line 8 by 30% (0.30) . . . . . . . . . . . . . . . . 9 10 Kilowatt capacity of property on line 8 above . . . . . x $1,000 10 11 Enter the smaller of line 9 or line 10 . . . . . . . . . . . . . . . . . . . . . . 11 12 Credit carryforward from 2023. Enter the amount, if any, from your 2023 Form 5695, line 16 . . . 12 13 Add lines 6b, 11, and 12 . . . . . . . . . . . . . . . . . . . . . . . . . . 13 14 Limitation based on tax liability. Enter the amount from the Residential Clean Energy Credit Limit Worksheet. (See instructions.) . . . . . . . . . . . . . . . . . . . . . . . . 14 15 Residential clean energy credit. Enter the smaller of line 13 or line 14. Also include this amount on Schedule 3 (Form 1040), line 5a . . . . . . . . . . . . . . . . . . . . . . . 15 16 Credit carryforward to 2025. If line 15 is less than line 13, subtract line 15 from line 13 . . . . . . . . . . . . . . . . . . . . . . 16 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 13540P Form 5695 (2024) |
Enlarge image | Form 5695 (2024) Page 2 Part II Energy Efficient Home Improvement Credit Section A—Qualified Energy Efficiency Improvements 17 a Are the qualified energy efficiency improvements installed in or on your main home located in the United States? (See instructions.) . . . . . . . . . . . . . . . . . . . . . . . 17a Yes No b Are you the original user of the qualified energy efficiency improvements? . . . . . . . . . 17b Yes No c Are the components reasonably expected to remain in use for at least 5 years? . . . . . . . 17c Yes No If you checked the “No” box for line 17a, 17b, or 17c, you cannot claim the energy efficient home improvement credit. Do not complete Part II, Section A. d Enter the complete address of the main home where you made the qualifying improvements. Caution: You can only have one main home at a time. (See instructions.) Number and street Unit no. City or town State ZIP code e Were any of these improvements related to the construction of this main home? . . . . . . . 17e Yes No If you checked the “Yes” box, you can only claim the energy efficient home improvement credit for qualifying improvements that were not related to the construction of the home. Do not include expenses related to the construction of your main home, even if the improvements were made after you moved into the home. 18 Insulation or air sealing material or system. a Enter the cost of insulation material or system (include air sealing material or system) specifically and primarily designed to reduce heat loss or gain of your home that meets the criteria established by the IECC. (See instructions.) . . . 18a b Multiply line 18a by 30% (0.30). Enter the results. Do not enter more than $1,200 . . . . . . . 18b 19 Exterior doors that meet the applicable Energy Star requirements. a Enter the cost of the most expensive door you bought . . . . . . . . 19a b Multiply line 19a by 30% (0.30). Do not enter more than $250 . . . . . 19b c Enter the cost of all other qualifying exterior doors . . . . . . . . . 19c d Multiply line 19c by 30% (0.30) . . . . . . . . . . . . . . . . 19d e Add lines 19b and 19d. Do not enter more than $500 . . . . . . . . . . . . . . . . 19e 20 Windows and skylights that meet the Energy Star certification requirements. a Enter the cost of exterior windows and skylights that meet the Energy Star certification requirements. (See instructions.) . . . . . . . . . . . 20a b Multiply line 20a by 30% (0.30). Enter the results. Do not enter more than $600 . . . . . . . . 20b Section B—Residential Energy Property Expenditures 21 a Did you incur costs for qualified energy property installed on or in connection with a home located in the United States? . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21a Yes No b Was the qualified energy property originally placed into service by you? . . . . . . . . . . 21b Yes No If you checked the “No” box for line 21a or 21b, you cannot claim the credit for your residential energy property costs. Skip lines 22 through 25 and line 29. Go to line 26. c Enter the complete address of each home where you installed qualified energy property. Number and street Unit no. City or town State ZIP code 22 Residential energy property costs (include labor costs for onsite preparation, assembly, and original installation). (See instructions.) a Enter the cost of central air conditioners . . . . . . . . . . . . 22a b Multiply line 22a by 30% (0.30). Enter the results. Donot enter more than $600 . . . . . . . . 22b 23a Enter the cost of natural gas, propane, or oil water heaters . . . . . . 23a b Multiply line 23a by 30% (0.30). Enter the results. Do not enter more than $600 . . . . . . . . 23b 24a Enter the cost of natural gas, propane, or oil furnace or hot water boilers . . 24a b Multiply line 24a by 30% (0.30). Enter the results. Do not enter more than $600 . . . . . . . . 24b Form 5695 (2024) |
Enlarge image | Form 5695 (2024) Page 3 Section B—Residential Energy Property Expenditures (continued) 25 a Enter the cost of improvements or replacement of panelboards, subpanelboards, branch circuits, or feeders . . . . . . . . . . . . . . . . . 25a b Multiply line 25a by 30% (0.30). Enter the results. Do not enter more than $600 . . . . . . . . 25b 26 Home energy audits. a Did you incur costs for a home energy audit that included an inspection of your main home located in the United States and a written report prepared by a certified home energy auditor? (See instructions.) 26a Yes No If you checked the “No” box, you cannot claim the home energy audit credit. Stop. Go to line 27. b Enter the cost of the home energy audits . . . . . . . . . . . . 26b c Multiply line 26b by 30% (0.30). Enter the results. Do not enter more than $150 . . . . . . . . 26c 27 Add lines 18b, 19e, 20b, 22b, 23b, 24b, 25b, and 26c . . . . . . . . 27 28 Enter the smaller of line 27 or $1,200 . . . . . . . . . . . . . . . . . . . . . . 28 29 Heat pumps and heat pump water heaters; biomass stoves and biomass boilers. a Enter the cost of electric or natural gas heat pumps . . . . . . . . . 29a b Enter the cost of electric or natural gas heat pump water heaters . . . . 29b c Enter the cost of biomass stoves and biomass boilers . . . . . . . . 29c d Add lines 29a, 29b, and 29c . . . . . . . . . . . . . . . . . 29d e Multiply line 29d by 30% (0.30). Enter the results. Do not enter more than $2,000 . . . . . . . 29e 30 Add lines 28 and 29e . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 31 Limitation based on tax liability. Enter the amount from the Energy Efficient Home Improvement Credit Limit Worksheet. (See instructions.) . . . . . . . . . . . . . . . . . . . . . . 31 32 Energy efficient home improvement credit. Enter the smaller of line 30 or line 31. Also include this amount on Schedule 3 (Form 1040), line 5b . . . . . . . . . . . . . . . . . . . 32 a If the special rule for joint occupants applies, check here and attach a statement. (See instructions.) Form 5695 (2024) |