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Federal Residential Energy Credits
Extracted from PDF file 2022-federal-form-5695.pdf, last modified December 2022Residential Energy Credits
Form 5695 Department of the Treasury Internal Revenue Service OMB No. 1545-0074 Residential Energy Credits 2022 Go to www.irs.gov/Form5695 for instructions and the latest information. Attach to Form 1040, 1040-SR, or 1040-NR. Attachment Sequence No. 158 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 2021. 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 5 Qualified biomass fuel property costs 6a Add lines 1 through 5 . . . . . . . . . . . . . . . . . . . . . . . 5 . . . . . . . . . . . . . . . . . . . . . . . . 6a b Multiply line 6a by 30% (0.30) . . . . . . . . . . . . . . . . . . . . . . . . 6b 7a . . 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.) . . . . . . . . . . . . . . 7a Yes No Caution: If you checked the “No” box, you cannot take a credit for qualified fuel cell property. Skip lines 7b through 11. b Print the complete address of the main home where you installed the fuel cell property. Number and street Unit No. City, State, and 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 2021. Enter the amount, if any, from your 2021 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 5 . . . . . . . . . . . . . . . . . . . . . . . . 15 15 16 . . . . . . . . . . . . . . . . . . . . . 10 x $1,000 . . . . . . . . . . . . Credit carryforward to 2023. 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 (2022) Form 5695 (2022) Part II 17a Page 2 Energy Efficient Home Improvement Credit Were the qualified energy efficiency improvements or residential energy property costs for your main home located in the United States? (see instructions) . . . . . . . . . . . . . . . . Caution: If you checked the “No” box, you cannot claim the energy efficient home improvement credit. Do not complete Part II. 17a Yes No Were any of these improvements related to the construction of this main home? . . . . . . . Caution: 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. 17c Yes No Lifetime limitation. Enter the amount from the Lifetime Limitation Worksheet (see instructions) . . . Qualified energy efficiency improvements (original use must begin with you and the component must reasonably be expected to last for at least 5 years; do not include labor costs) (see instructions). Insulation material or system specifically and primarily designed to reduce heat loss or gain of your home that meets the prescriptive criteria established by the 2009 IECC . . . . . . . . . . 18 b Print the complete address of the main home where you made the qualifying improvements. Caution: You can only have one main home at a time. Number and street Unit No. City, State, and ZIP code c 18 19 a b Exterior doors that meet or exceed the version 6.0 Energy Star program requirements . . . . . c Metal or asphalt roof that meets or exceeds the Energy Star program requirements and has appropriate pigmented coatings or cooling granules which are specifically and primarily designed to reduce the heat gain of your home . . . . . . . . . . . . . . . . . . . . . . . . . . d Exterior windows and skylights that meet or exceed the version 6.0 Energy Star program requirements . . . . . . . . . . . . . . . . . e f Maximum amount of cost on which the credit can be figured . . . . . . If you claimed window expenses on your Form 5695 prior to 2022, enter the amount from the Window Expense Worksheet (see instructions); otherwise enter -0- . . . . . . . . . . . . . . . . . . . . . . . g Subtract line 19f from line 19e. If zero or less, enter -0- . . . . h Enter the smaller of line 19d or line 19g . . . . . . . . . 20 Add lines 19a, 19b, 19c, and 19h . . . . . . . . . . . 21 Multiply line 20 by 10% (0.10) . . . . . . . . . . . . 22 Residential energy property costs (must be placed in service by preparation, assembly, and original installation) (see instructions). 19d 19e . . . . . . onsite a Energy-efficient building property. Do not enter more than $300 . . . . . . . . . . . b Qualified natural gas, propane, or oil furnace or hot water boiler. Do not enter more than $150 . c Advanced main air circulating fan used in a natural gas, propane, or oil furnace. Do not enter than $50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . more . . 23 24 25 26 27 Add lines 22a through 22c . . . . . . . . . . . . . . . . . Add lines 21 and 23 . . . . . . . . . . . . . . . . . . . Maximum credit amount. (If you jointly occupied the home, see instructions) . Enter the amount, if any, from line 18 . . . . . . . . . . . . . . Subtract line 26 from line 25. If zero or less, stop; you cannot take the improvement credit . . . . . . . . . . . . . . . . . . . 28 29 Enter the smaller of line 24 or line 27 . . . . . . . . . . . . . . . . . . . . . . Limitation based on tax liability. Enter the amount from the Energy Efficient Home Improvement Credit Limit Worksheet (see instructions) . . . . . . . . . . . . . . . . . . . . . . . Energy efficient home improvement credit. Enter the smaller of line 28 or line 29. Also include this amount on Schedule 3 (Form 1040), line 5 . . . . . . . . . . . . . . . . . . . . 30 19c $2,000 19f . . . . 19g . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . you; include labor costs for . . . . . . . . . . . . energy . . . 19a 19b . . . . . . . . . . . . efficient . . . . . . . . . . . home . . 19h 20 21 22a 22b 22c 23 24 25 26 $500 27 28 29 30 Form 5695 (2022)
2022 Form 5695
More about the Federal Form 5695 Individual Income Tax Tax Credit TY 2022
We last updated the Residential Energy Credits in December 2022, so this is the latest version of Form 5695, fully updated for tax year 2022. 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 December 2022.
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 twelve 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:
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