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🌿💡 Unlock Tax Credits for Home Energy Improvements! 🏠💰 ✨ Power up your savings by making energy-efficient upgrades to your home and claim tax credits for a portion of qualifying expenses. The Inflation Reduction Act of 2022 has expanded the credit amounts and types of qualifying expenses. 🏡 Who Can Claim the Credits? Homeowners improving their primary residence have ample opportunities to claim credits for qualifying expenses. Renters and owners of second homes used as residences may also be eligible. 🌟 Energy Efficient Home Improvement Credit: Qualifying Expenses: Exterior doors, windows, skylights, and insulation materials Central air conditioners, water heaters, furnaces, boilers, heat pumps Biomass stoves, boilers, home energy audits Credit Amount: 2022: Up to 30%, with a lifetime maximum of $500 2023 to 2032: Up to 30%, with a maximum of $1,200 (water heaters, heat pumps, biomass stoves, and boilers have a separate annual credit limit of $2,000), no lifetime limit 🌞 Residential Clean Energy Credit: Qualifying Expenses: Solar, wind, and geothermal power generation Solar water heaters Fuel cells Battery storage (beginning in 2023) Credit Amount: 2022 to 2032: 30%, no annual maximum or lifetime limit 2033: 26%, no annual maximum or lifetime limit 2034: 22%, no annual maximum or lifetime limit 📝 How to Claim the Credits: File Form 5695, Residential Energy Credits, with your tax return for the tax year when the improvement is installed.