Solved: 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.

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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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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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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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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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.

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.

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.

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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.

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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