yep it can only run the furnace then... you would need to run additional cable (eg. telephone wire type "jkt" with at least 4 conductor... 6 max). The conversion can be done with just one additional wire... that's what I did, just ran an extra wire which was easy to hide along the "route". Again depending on what AC unit you have, you need to get a relay that is switched using 12v that will then switch 120v at the AC unit when the thermostat calls for it. Not rocket science but certainly be aware of the issues. I "hid" my relay (quite small actually) inside the cowling of the AC unit (ie. ceiling "ring" / filter).