You can claim the Residential Clean Energy Credit if you rent your home, provided it is your main residence. According to the IRS, the credit is available for improvements to a main home, whether it is owned or rented by the taxpayer. However, the home must be used as a residence by the taxpayer and be located in the United States. If you rent but the property is primarily used as a residence, you may qualify for the credit. This includes various clean energy upgrades such as solar panels, wind turbines, or geothermal systems.
For a second home that you rent out or use part-time, the rules can be more complex. Fuel cell properties, for instance, must be installed in a principal residence to qualify for the credit.
To claim the credit, you must file Form 5695 with your tax return, detailing the qualified expenditures made during the tax year.
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