How to Claim the Residential Energy Efficiency Property Credit in Miami in 2020

In regard to energy-efficient HVAC installation in Miami, there’s good news for your family this tax season.

The Residential Energy Efficient Property Credit will now go through 2020. This can qualify you for credits for energy-efficient home improvements, like updated heating and cooling equipment, water heaters and heat pumps.

What Equipment is Eligible?

To become eligible for the reduction, the home should be the taxpayer’s primary residence in the USA. The improvement should have a life of at least five years, with the initial use originating with the taxpayer.

What Kinds of Enhancements are Regarded as High-Efficiency Upgrades?

Generally, this tax incentive equals 10% of the expense of the following energy-saving enhancements that meet certain ENERGY STAR® guidelines:

  • Advanced main air-circulating fans
  • Energy-efficient gas, propane or oil furnaces
  • Energy-efficient gas, propane or oil hot water boilers
  • Energy-efficient heat pumps
  • Energy-efficient water heaters
  • Energy-efficient central air conditioners
  • Insulation
  • Qualified metal and asphalt roofing
  • Certain exterior storm windows, skylights and storm doors
  • Solar/geothermal energy solutions, such as solar electricity, solar water heaters and geothermal heat pumps

Is There a Maximum Amount I Can Claim?

Yes, there’s a lifetime cap of $500 per home. This means if you have used this credit in past years, you must lower any credit you already claimed.

If you’ve previously claimed the highest amount, you won’t qualify for any extra reductions through this extension.

Credit Limits for Particular Equipment

Credits have a limit for a few participating solutions:


  • Windows and skylights—$200
  • Advanced main air circulation—$50
  • Hot water boilers—$150
  • Energy-efficient units—$300

If you have questions about how you can benefit from the extension of the residential energy efficient property tax credit, download Form 5695 or contact your tax advisor for assistance.

Enhance Your Heating and Cooling System Today

Been procrastinating buying new heating and cooling system? Call the Experts at 305-440-1505 or contact us online. We can help you select an energy-efficient system you can earn tax benefits from the next year.

Contact Us