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Does an otherwise qualified REPLACEMENT geothermal system qualify for the residential energy credit? My old heat pump failed and I replaced it with a new one.
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Does an otherwise qualified REPLACEMENT geothermal system qualify for the residential energy credit? My old heat pump failed and I replaced it with a new one.
Yes, a full replacement of the heat pump would be considered an improvement.
The requirements for the credit are that the Geothermal Heat Pump meets the Energy Star Requirements.
https://www.irs.gov/instructions/i5695
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Does an otherwise qualified REPLACEMENT geothermal system qualify for the residential energy credit? My old heat pump failed and I replaced it with a new one.
Yes, a full replacement of the heat pump would be considered an improvement.
The requirements for the credit are that the Geothermal Heat Pump meets the Energy Star Requirements.
https://www.irs.gov/instructions/i5695
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"