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Does the federal tax credit allow me to deduct 30% of everything involved with a ground source geo-thermal system for my home?

April 26, 2017credit deduct federal tax ground involved source system

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Does the federal tax credit allow me to deduct 30% of everything involved with a ground source geo-thermal system for my home?

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According to the IRS, a taxpayer can claim a 30% credit for “qualified expenditures” related to installation of a ground source heat pump. This includes “labor costs for onsite preparation, assembly or original system installation, and for piping or wiring to interconnect a system to the home.” There is no maximum credit for systems placed in service after 2008. The pump must meet federal Energy Star requirements and be placed in service by December 31, 2016. For more information, visit the Database of Incentives for Renewables & Efficiency website.