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Budget Act of 2018 (BBA) Extended Credits – Residential Energy Credits – Form 5695

IRS - Residential Energy Tax Credits

Budget Act of 2018 (BBA) Extended Credits 

The BBA reinstated the nonbusiness energy property credit for 2017, and it reinstated the residential energy efficient property credit for qualified small wind energy property costs, qualified geothermal heat pump property costs, and qualified fuel cell property costs to the end of 2021.

You may claim these credits on your 2017 tax return if you otherwise meet the criteria. If you have already filed your return, you will need to file an amended return (Form 1040X) to claim these credits.

Purpose of Form

Use Form 5695 to figure and take your residential energy credits. The residential energy credits are:

  • The residential energy efficient property credit, and
  • The nonbusiness energy property credit.

Also use Form 5695 to take any residential energy efficient property credit carryforward from 2016 or to carry the unused portion of the credit to 2018.

Who Can Take The Credits

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