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Energy Efficient Home Credit (45L) in Chesapeake, VA 2026

Calculate your energy efficient home credit (45l) tax savings in Chesapeake, Virginia. With Virginia's 5.75% state tax rate, your combined savings are higher.

Virginia Tax Context

State Income Tax
5.75%
Local Income Tax
None
Property Tax Rate
0.82%
Tax Burden
Moderate
$5,000
Est. Total Savings
$5,000
Max Deduction
Tax Credit
Deduction Type
27.8%
Combined Tax Rate

Energy Efficient Home Credit (45L) Savings Calculator for Chesapeake

$
$

Federal Savings

$5,000

22% bracket

Virginia State

$0

5.75% rate

Local Tax

$0

0% rate

Total Savings

$5,000

27.8% combined

Tax credits reduce your tax bill dollar-for-dollar, regardless of your tax bracket.

Savings by Tax Bracket in Chesapeake

10%
$5,000
12%
$5,000
22%
$5,000
24%
$5,000
32%
$5,000
35%
$5,000
37%
$5,000

Includes 5.75% Virginia state tax on top of federal savings.

Eligibility Requirements

Builders or developers of new energy-efficient homes

  • 1$2,500 for ENERGY STAR certified homes
  • 2$5,000 for DOE Zero Energy Ready homes
  • 3Must meet prevailing wage requirements for full credit

Virginia residents should verify that this deduction is also recognized on their state tax return for additional savings of up to 5.75%.

Common Mistakes to Avoid

  • !Not obtaining required certifications before claiming
  • !Missing prevailing wage requirements
  • !Failing to meet the 50% energy savings threshold
  • !Forgetting to claim the deduction on your Virginia state return (missing 5.75% additional savings)

Required Tax Forms

Form 8908Form 3800

File these forms with your federal tax return to claim the energy efficient home credit (45l). Virginia may require additional state-specific forms.

Other Tax Deductions in Chesapeake, VA

Mortgage Interest Deduction

Housing

~$4,415
est. savings

Property Tax Deduction

Housing

~$2,775
est. savings

Home Office Deduction

Housing

~$1,514
est. savings

Home Energy Tax Credit

Housing

~$1,800
est. savings

Residential Solar Tax Credit

Housing

~$7,500
est. savings

Military Moving Expenses

Housing

~$5,045
est. savings

PMI Premium Deduction

Housing

~$1,388
est. savings

Mortgage Points Deduction

Housing

~$2,523
est. savings

Energy Efficient Home Credit (45L) in Other Virginia Cities

Virginia Beach, VA

5.75% state tax

~$2,500
-2,500 vs Chesapeake

Arlington, VA

5.75% state tax

~$2,500
-2,500 vs Chesapeake

Norfolk, VA

5.75% state tax

~$2,500
-2,500 vs Chesapeake

Richmond, VA

5.75% state tax

~$2,500
-2,500 vs Chesapeake

Newport News, VA

5.75% state tax

~$2,500
-2,500 vs Chesapeake

Alexandria, VA

5.75% state tax

~$2,500
-2,500 vs Chesapeake

Hampton, VA

5.75% state tax

~$2,500
-2,500 vs Chesapeake

Roanoke, VA

5.75% state tax

~$2,500
-2,500 vs Chesapeake

Calculate Your Full Tax Savings in Chesapeake

Use our free tax calculators to optimize your entire tax return for Virginia.

Income Tax CalculatorTaxes in ChesapeakeFull Energy Efficient Home Credit (45L) Guide

Frequently Asked Questions

How much can I save with the Energy Efficient Home Credit (45L) in Chesapeake, VA?

In Chesapeake, Virginia, the energy efficient home credit (45l) can save you an estimated $5,000 per year. This includes $5,000 in federal tax savings and $0 in Virginia state tax savings. The national average savings is $2,500/year.

What is the Virginia state income tax rate for Chesapeake residents?

Virginia has a 5.75% state income tax rate. Chesapeake residents have no additional local income tax.

Who qualifies for the Energy Efficient Home Credit (45L) in Chesapeake?

Builders or developers of new energy-efficient homes. The eligibility requirements are the same whether you live in Chesapeake or elsewhere in the U.S., as this is a federal tax credit. However, your savings amount will vary based on Virginia's 5.75% state tax rate.

What tax forms do I need to claim the Energy Efficient Home Credit (45L) in Virginia?

To claim the energy efficient home credit (45l), you need to file Form 8908 and Form 3800 with your federal return. Virginia residents should also check if the state allows this deduction on their state return, which could provide an additional 5.75% savings. Filing status affects your deduction limits and tax bracket.

Is the Energy Efficient Home Credit (45L) better in Chesapeake than in states without income tax?

Yes, Chesapeake residents benefit more because Virginia's 5.75% state income tax means the deduction reduces both your federal AND state tax liability. In states with no income tax (like Texas, Florida, or Nevada), this deduction only reduces federal taxes. Your combined rate of 27.8% means more savings per dollar deducted.

Related Calculators

Mortgage Interest Deduction in Chesapeake

Avg savings: $3,500/year

Property Tax Deduction in Chesapeake

Avg savings: $2,200/year

Home Office Deduction in Chesapeake

Avg savings: $1,200/year

Home Energy Tax Credit in Chesapeake

Avg savings: $1,800/year

Residential Solar Tax Credit in Chesapeake

Avg savings: $7,500/year

Military Moving Expenses in Chesapeake

Avg savings: $4,000/year