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What is considered a qualified ground-source heat pump, or a qualified ground-source heat pump expenditure?

April 26, 2017expenditure ground-source heat pump qualified

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What is considered a qualified ground-source heat pump, or a qualified ground-source heat pump expenditure?

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Qualified geothermal heat pump property is defined as any equipment that uses the ground or ground water as a thermal energy source to heat the taxpayer’s dwelling unit, or is used as a thermal energy sink to cool said dwelling unit, and meets the requirements of the Energy Star program at the time the unit is placed in service. Qualified expenditures include any expenditure for qualified geothermal heat pump property installed on or in connection with a dwelling unit used as a residence by the taxpayer. Click here for more information on the geothermal heat pump incentive.