Tax Credit Explanation

[JakeTheYounger]

Good afternoon everyone,
I know there are a plethora of HVAC and efficiency tax credits. Does anyone know if the $2,000 credit on these credits is cumulative across all of the credits?

I'm in the situation of having a failed heat pump, as well as installing a stove. I'd like to claim a tax credit for both the heat pump and the stove. Does anyone know if this is possible?

Thanks.

 

[JakeTheYounger]

Good afternoon everyone,
I know there are a plethora of HVAC and efficiency tax credits. Does anyone know if the $2,000 credit on these credits is cumulative across all of the credits?

I'm in the situation of having a failed heat pump, as well as installing a stove. I'd like to claim a tax credit for both the heat pump and the stove. Does anyone know if this is possible?

Thanks.

Disregard, I found the answer on Energy Star.

Annual Limits on Energy Efficient Home Improvement Tax Credits​

In addition to limits on the amount of credit you can claim for any particular equipment installation or home improvement, there are annual aggregate limits. The overall total limit for an efficiency tax credit in one year is $3,200. This breaks down to a total limit of $1,200 for any combination of home envelope improvements (windows/doors/skylights, insulation, electrical) plus furnaces, boilers and central air conditioners. Any combination of heat pumps, heat pump water heaters and biomass stoves/boilers are subject to an annual total limit of $2,000. (Note: ENERGY STAR certified geothermal heat pumps are eligible for a separate tax credit and not counted against these limits.)