Form 5695 Checklist
Heat Pump Tax Credit Documentation
rebate.blue/qmid
Documents Needed
QMID Lookup Steps
Calculate Your Credit
Total heat pump cost:$ __________
Minus utility rebates received:- $ __________
Your eligible expense:= $ __________
Multiply by 30%:× 0.30
Your credit (max $2,000):= $ __________
Form 5695 Key Lines (Part II, Section B)
Before Submitting
Quick Reference
- • Heat pump credit: up to $2,000 (30% of costs, Line 29)
- • HP water heater credit: up to $2,000 (shared cap with heat pump)
- • Electrical panel credit: up to $600 (30% of costs, Line 25)
- • AC/furnace/water heater: up to $600 each (Lines 22-24)
- • Combined annual limit: $3,200
- • Credit is non-refundable (reduces tax owed, no excess refund)