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Geothermal Improvements

mrule
Level 2

I have a client that wants to update their existing geothermal system and wanted to know if their was a tax credit on updating and maintenance.  I can't find a ruling on anything except the actual installation of the system.  Any help on this situation would be appreciated!

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IRonMaN
Level 15

There are credits for installing a system.  Maintenance of a system isn't the same as installing so they are out of luck.

Barber! Why didn't I think of this before? Getting paid to give out bad tax advice - need I say more? I've run with scissors for years so it is a natural fit.

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IRonMaN
Level 15

There are credits for installing a system.  Maintenance of a system isn't the same as installing so they are out of luck.

Barber! Why didn't I think of this before? Getting paid to give out bad tax advice - need I say more? I've run with scissors for years so it is a natural fit.

View solution in original post