H 3874 provides an income tax credit to any individual or business installing geothermal
March 21, 2016
The law allows a tax credit against the income tax liability of a taxpayer equal to 25 percent of the costs incurred by the taxpayer in the purchase and installation of geothermal machinery in or on a facility in South Carolina and owned by the taxpayer.
Recent energy legislation enhances Arkansas Energy Performance Contracting program
March 21, 2016
Johnson Controls and Arkansas State University have signed a $15 million energy performance contract that will advance the university's sustainability initiatives, including improvements to HVAC, energy management, lighting, water conservation, waste management, and utility monitoring systems.
The ASRAC established the Central Air Conditioners and Heat Pumps Working Group in July 2015; it is the latest of several working groups to successfully create negotiated efficiency standards for industry equipment. Other negotiated rulemakings aided by working groups include walk-in coolers and freezers, regional standards enforcement, and commercial rooftop air conditioners and furnaces.
Investment to strengthen data insights for energy and sustainability management
February 24, 2016
Ecova, an energy and sustainability management company, has made an investment in TROVE Predictive Data Science, a data analytics company. Ecova said it will leverage TROVE’s data technology with the objective to save money for its client portfolio.
Energy efficiency, integration with smart home technology, and the ongoing impact of the U.S. Department of Energy’s (DOE’s) regional efficiency standards are major trends influencing products in the residential air conditioning market.
More than half of U.S. commercial building space is cooled by packaged HVAC equipment, according to the U.S. Department of Energy (DOE). Additionally, existing rooftop units consume more than 1.3 percent of the country’s annual energy usage. It’s no surprise the biggest trend driving the rooftop market is efficiency.