Submitted By: someone
Answered: February 5, 2023 8:32 pm

Does installing ceiling fans in my home qualify for the energy efficient home improvement credit?

No. Only an advanced main air circulating fan can qualify. This is an efficient fan, or blower motor which blows the air that your furnace heats up through the duct system. The fan must use no more than 2% of your furnace’s total energy and the credit is limited to $50. The U.S.  Department of Energy has a list of items eligible for the credit. Be sure to note that there are different rules for 2022 versus 2023 and beyond.

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Tax Glossary

Accelerated depreciation

Depreciation methods that allow faster write-offs than straight-line rates in the earlier periods of the useful life of an asset. For example, in the first few years of recovery, MACRS allows a 200% double declining balance write-off, twice the straight-line rate.

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