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Sample estimate for Texas homeowner

$20,725

in potential credits and rebates — here's how to claim each one

Personalized action plan

4 credits shown. Each includes step-by-step instructions, direct links, and time estimates.

High confidenceFamily

Child Tax Credit

$3,400–$4,400

What it is

Up to $2,200 per qualifying child under 17.

Details

  • -$2,200 per child for 2 children
  • -Refundable portion (ACTC) is $1,700 per child
  • -Phase-out begins at $200,000 (single) or $400,000 (married filing jointly)

How to claim it

1

File Schedule 8812

Complete Schedule 8812 (Credits for Qualifying Children and Other Dependents) with your tax return.

Open resourceApril 15, 202715 minutes
2

Check income phase-out

If your income is above $200,000 (single) or $400,000 (married joint), your credit may be reduced by $50 for each $1,000 over the threshold.

5 minutes
High confidenceProperty Tax

Homestead Exemption

$400–$1,200

What it is

Reduces your property tax bill by exempting a portion of your home's value from taxation.

Details

  • -Texas offers a homestead exemption for primary residences
  • -This is an annual savings that reduces your property tax every year
  • -You typically need to file once and it renews automatically

How to claim it

1

Find your county assessor's office

Search for "Texas [your county] homestead exemption application" to find the form. Most counties have an online application.

10 minutes
2

Gather required documents

You typically need: proof of ownership (deed or closing docs), a valid ID showing the address as your primary residence, and sometimes a vehicle registration at the address.

15 minutes
3

Submit your application

File with your county assessor's office. Most states have a deadline (often April 1 or January 1) for the exemption to apply to the current tax year.

Check your county's deadline20 minutes
Medium confidenceEnergy

Residential Clean Energy Credit (Solar)

$4,000–$10,000

What it is

30% federal tax credit for solar panel installation costs.

Details

  • -Based on average solar installation cost of $15,000-$35,000
  • -30% credit under IRA Section 25D
  • -Credit can be carried forward to future tax years

How to claim it

1

Gather your installation invoice

You need the total cost of your solar system including installation labor and equipment.

5 minutes
2

File IRS Form 5695

Complete Part I of Form 5695 (Residential Energy Credits) with your solar costs.

Open resourceApril 15, 2027 (for 2026 tax year)20 minutes
3

Attach to your tax return

Include Form 5695 with your 1040. The credit goes on Schedule 3, line 5.

5 minutes
Medium confidenceEnergy

HOMES Rebate Program

$2,000–$8,000

What it is

State rebates up to $8,000 for whole-home energy efficiency improvements under the federal HOMES program.

Details

  • -Texas HOMES program status: accepting applications
  • -Funding available. Applications are being accepted on a rolling basis.
  • -Up to $8,000 for low/moderate income households
  • -Rebate amount depends on energy savings achieved (must demonstrate 20%+ reduction)

How to claim it

1

Get a home energy assessment

Most HOMES programs require a certified energy audit before work begins. This determines your baseline energy use and projected savings.

1-2 hours (schedule appointment)
2

Apply through Texas's portal

Funding available. Applications are being accepted on a rolling basis.

Open resource30-45 minutes
3

Use an approved contractor

Work must be done by a participating contractor. Check your state's approved contractor list before signing any contracts.

4

Submit completion documentation

After work is done, submit your post-improvement energy assessment and contractor invoices to receive the rebate.

30 minutes

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