IRS provides updated frequently asked questions for the energy efficient home improvement and residential clean energy property credits

The Inflation Reduction Act of 2022 (IRA) amended the Energy Efficient Home Improvement Credit under section 25C of the Internal Revenue Code (Code) and the Residential Clean Energy Property Credit under section 25D of the Code. These FAQs provide details on the IRA’s changes to these tax credits, information on eligible expenditures, and examples of how the credit limitations work. In this update to the FAQs, questions have now been separated by Code section.

View Updated FAQ Sheet