Renewable Energy Installation Question

Forum|Forum|3 years ago
March 1, 2023
2 replies
45 views

I am considering installing a ground source heat pump, Geothermal, for my HVAC system. I believe this qualifies for the 30% renewable tax credit. We currently have electric baseboard heating and a fireplace.

The system would consist of digging trenches, installing the heat pump, and all supply/return ducting/vents. If I pay tradesmen to do it, it increases the cost 3-fold.

If I were to do all the labor myself, can I deduct any of the labor?

Best answer by DoninGA

No you cannot include your own labor in the cost of a home repair or a home improvement project.

DoninGA

Answer

Level 15

No you cannot include your own labor in the cost of a home repair or a home improvement project.

mntnvewAuthor

Level 2

Thank you DoninGA. I knew that home improvements were not included, was hoping the renewable energy tax credit had an exception since I am saving the environment!