News Analysis

Experts Disagree on IRA Tax Credit for Ground-Source Heat Pumps

Millions in tax credits are available from the Inflation Reduction Act, but even some long-standing rules are now being questioned. Lean on your tax advisors, and expect updates as the first projects go through the process.

by Nadav Malin

Wyatt Ross of CMTA and Chris Colasanti of JB&B Consulting Engineers contributed to this article. 

This article has been prepared for informational purposes only; it is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your firm’s tax, legal, and accounting advisors before engaging in any transaction.​

Published October 9, 2023

Malin, N. (2023, October 9). Experts Disagree on IRA Tax Credit for Ground-Source Heat Pumps. Retrieved from https://www.buildinggreen.com/news-analysis/experts-disagree-ira-tax-credit-ground-source-heat-pumps

Also on BuildingGreen

Be Prepared: The IRA Eliminates the Tech-Based ITC in Just Over a Year

IRA’s Section 48 Investment Tax Credit for Energy Property: Just the Basics

Inflation Reduction Act Collection: Guidance & Case Studies

Thermal Energy Storage Increases Heat-Pump Effectiveness