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Level 4
March 12, 2023
Question

a heat pump that is not geothermal can it qualify for any credit

  • March 12, 2023
  • 2 replies
  • 8 views
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2 replies

Level 15
March 12, 2023

Open up the Instructions for Form 5695, then do a "search" for "heat pump" and you will find your answer.

https://www.irs.gov/instructions/i5695

 

BobKamman
Level 15
March 12, 2023

In general, the share of new homes using an air or ground source heat pump as the primary means of providing heat has increased, going from 23 percent in 2000 to 40 percent in 2021.

Probably why Congress has decided it does not need to encourage their use -- although retrofitting an existing home might save energy costs.