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Merlo
Merlo, Accountant
Category: Tax
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Experience:  25+ years tax consulting. Specializing in returns for US citizens living abroad
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can get get a tax deduction for changing your residential lights

Resolved Question:

can get get a tax deduction for changing your residential lights to LED lights. If so who and how much?
Submitted: 7 years ago.
Category: Tax
Expert:  Merlo replied 7 years ago.

Hello bly,

 

There are some energy credits being offered for the 2009 and 2010 tax years, but none that pertain to the installation of LED lights.

 

The credits available are for qualifying biomass stoves, HVAC systems, insultation, roofs, water heaters, windows and doors, geothermal heat pumps, wind turbines and solar panels.

 

No credits are available for new lighting systems at this time.

 

If this was helpful please press the Accept button. Positive feedback is also appreciated.

 

Thank you bly

 

 

Customer: replied 7 years ago.
How about commercial LED tax right off?
Expert:  Merlo replied 7 years ago.

Hello again bly,

 

When you say commercial tax write off, are you saying that the improvements were made to your business office or to rental property that you own?

 

 

Customer: replied 7 years ago.
Is there any kind of tax write off for business or comercial compainies that change to LED lighting?
Expert:  Merlo replied 7 years ago.

Hello again bly,

 

There are no special credits offered for the installation of LED lighting. However, if you own a business and you installed new LED lighting in your office building or office space, then that is treated as an asset which you can depreciate over a number of years, the same as any other business equipment that you own.

 

But you cannot actually just write off the entire cost of the new lighting all in one year.

 

If this was helpful please press the Accept button.

 

Thank you bly

 

 

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