@Eric-td wrote:
Thank you for this. It was my HVAC provider who gave me the advice about a full replacement, and a local CPA I know confirmed it to the best of her knowledge. BUT, I'm going back to both of them with your perspective. Thanks. Eric (CU '66,'67)
Obviously the HVAC provider wants to sell you a complete system. I wouldn't take tax advice from the HVAC provider any more than I would let him fill a cavity in my tooth.
In discussing with your CPA, it may be worth noting that Congress was capable of being specific when they wanted to be; for example, only a "central" air conditioner is eligible, so mini-splits don't count. But there is no similar limitation for heat pumps, so a heat pump mini-split is eligible. Since Congress did not specifically say that geothermal heat pump property only constituted complete systems, I think it is safe to conclude that partial systems are allowed.
https://www.law.cornell.edu/definitions/uscode.php?width=840&height=800&iframe=true&def_id=26-USC-19...
