Energy Credit for Businesses

Forum|Forum|1 year ago
February 10, 2025
1 reply
8 views

Good afternoon Community,

I have a question regarding a client who has a commercial rental. They had a new HVAC system installed and I know that they can take bonus depreciation or section 179 depreciation but can they also get a business energy credit for the cost of the HVAC system on form 3468. The total cost was $7500.

Thanks,

John Skouberdis

ProSeries Professional

This topic has been closed for replies.

Best answer by TaxGuyBill

Do you see a spot for it on 3468?

I'm not aware of any federal tax credits for HVAC on commercial property.

T

TaxGuyBillAnswer

Level 15

Do you see a spot for it on 3468?

I'm not aware of any federal tax credits for HVAC on commercial property.

J

jskouberdisAuthor

Level 5

I think you are right. Because if it was your personal residence you can take a credit but the IRS would not allow you to take a deduction and credit also. You are getting your tax benefit by taking depreciation or Sec 179 or Bonus Depreciation. Whereas the personal residence individual only gets a credit and cannot deduct it anywhere.

Thanks for your reply,

John

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