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Federal Residential Energy Credits
Extracted from PDF file 2023-federal-form-5695.pdf, last modified December 2023Residential Energy Credits
Form 5695 Department of the Treasury Internal Revenue Service OMB No. 1545-0074 Residential Energy Credits 2023 Attach to Form 1040, 1040-SR, or 1040-NR. Go to www.irs.gov/Form5695 for instructions and the latest information. Attachment Sequence No. 75 Your social security number Name(s) shown on return 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 2022. 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. Unit no. Number and street City or town State 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 5a 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 . . . . . . . . . . . . . . . . . . . . . . b If you checked the “Yes” box, enter the qualified battery technology costs 6a . . . . . . . . . 5a 5b . . . . . . . . . . . . . . . . . . . . . . . . 6a b Multiply line 6a by 30% (0.30) . . . . . . . . . . . . . . . . . . . . . . . . 6b 7a Add lines 1 through 5b . . 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.) . . . . . . . . . . . . . . If you checked the “No” box, you cannot claim a credit for qualified fuel cell property. Skip lines 7b through 11. 7a ZIP code Yes No Yes No b Enter the complete address of the main home where you installed the fuel cell property. Number and street Unit no. State City or town ZIP code 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 . . . . 11 Enter the smaller of line 9 or line 10 . . . 12 Credit carryforward from 2022. Enter the amount, if any, from your 2022 Form 5695, line 16 13 Add lines 6b, 11, and 12 . 14 Limitation based on tax liability. Enter the amount from the Residential Clean Energy Credit Limit Worksheet. (See instructions.) . . . . . . . . . . . . . . . . . . . . . . . . 14 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 15 16 . . . . . . . . . . . . . . . . . . . . 10 x $1,000 . . . . . . . . . . . . Credit carryforward to 2024. If line 15 is less than line 13, subtract line 15 from line 13 . . . . . . . . . . . . . . . . . . . . . . For Paperwork Reduction Act Notice, see your tax return instructions. . . . . . . . . . . . 11 . . . 12 . . . 13 16 Cat. No. 13540P Form 5695 (2023) Page 2 Form 5695 (2023) Part II Energy Efficient Home Improvement Credit Section A—Qualified Energy Efficiency Improvements 17a Are the qualified energy efficiency improvements installed in or on your main home located in the United States? (See instructions.) . . . . . . . . . . . . . . . . . . . . . . . b Are you the original user of the qualified energy efficiency improvements? . . . . . . . . . c Are the components reasonably expected to remain in use for at least 5 years? . . . . . . . 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. 17a 17b 17c Yes Yes Yes No No No 17e Yes No Yes Yes No No 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 e 18 a Unit no. City or town ZIP code State Were any of these improvements related to the construction of this main home? . . . . . . . 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. Insulation or air sealing material or system. 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.) . . . b Multiply line 18a by 30% (0.30). Enter the results. Do not enter more than $1,200 19 Exterior doors that meet the applicable Energy Star requirements. a Enter the cost of the most expensive door you bought . . . . . . . . b Multiply line 19a by 30% (0.30). Do not enter more than $250 . . . . . c Enter the cost of all other qualifying exterior doors . . . . . . . . . d Multiply line 19c by 30% (0.30) . . . . . . . . . . . . . . . . e Add lines 19b and 19d. Do not enter more than $500 . . . . . . . . . 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.) . . . . . . . . . . . b Multiply line 20a by 30% (0.30). Enter the results. Do not enter more than $600 . 18a . . . . . . . 18b 19a 19b 19c 19d . . . . . . . 19e 20a . . . . . . . 20b Section B—Residential Energy Property Expenditures 21a Did you incur costs for qualified energy property installed on or in connection with a home located in the United States? . . . . . . . . . . . . . . . . . . . . . . . . . . . . b Was the qualified energy property originally placed into service by you? . . . . . . . . . . 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 21a 21b Enter the complete address of each home where you installed qualified energy property. Number and street Unit no. City or town ZIP code State 22 Residential energy property costs (include labor costs for onsite preparation, assembly, and original installation). (See instructions.) a b 23a b 24a b Enter the cost of central air conditioners . . . . . . . . . . . . 22a Multiply line 22a by 30% (0.30). Enter the results. Do not enter more than $600 . . . Enter the cost of natural gas, propane, or oil water heaters . . . . . . 23a Multiply line 23a by 30% (0.30). Enter the results. Do not enter more than $600 . . . Enter the cost of natural gas, propane, or oil furnace or hot water boilers . . 24a Multiply line 24a by 30% (0.30). Enter the results. Do not enter more than $600 . . . . . . . . 22b . . . . . 23b . . . . . 24b Form 5695 (2023) Page 3 Form 5695 (2023) Section B—Residential Energy Property Expenditures (continued) 25a 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 . . . . . . . . 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.) 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 . . . . . . . . 27 Add lines 18b, 19e, 20b, 22b, 23b, 24b, 25b, and 26c . . . . . . . . 27 28 Enter the smaller of line 27 or $1,200 . . . . . . . . . . . . . . . . . . . . . . 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 . . . . . . . 30 Add lines 28 and 29e . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 Limitation based on tax liability. Enter the amount from the Energy Efficient Home Improvement Credit Limit Worksheet. (See instructions.) . . . . . . . . . . . . . . . . . . . . . . 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 . . . . . . . . . . . . . . . . . . . 25b 26a Yes No 26c 28 29e 30 31 32 Form 5695 (2023)
2023 Form 5695
More about the Federal Form 5695 Individual Income Tax Tax Credit TY 2023
We last updated the Residential Energy Credits in January 2024, so this is the latest version of Form 5695, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 5695 directly from TaxFormFinder. You can print other Federal tax forms here.
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Form Sources:
The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 5695 from the Internal Revenue Service in January 2024.
Form 5695 is a Federal Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Federal Form 5695
We have a total of thirteen past-year versions of Form 5695 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2011 Form 5695
2011 Form 5695
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