What Costs Qualify for the Commercial Geothermal Heat Pump Tax Credit?

Illustration of a school building with underground geothermal loops connected to heat pump equipment, accompanying a guide to qualifying project costs.

By John Kapral, JD, CPA, LLM, Senior Director, Renewable Energy Tax Incentives & Credits Heat pumps, ground loops, circulating pumps, controls and qualifying distribution equipment may be included in eligible basis for the commercial geothermal heat pump tax credit. Installation labor and properly allocated indirect costs may also qualify. The entire construction contract does not … Read more

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