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.
HVAC contractors seem to be feeling cautiously optimistic about short-term growth, at least according to ACCA, whose Contractor Comfort Index (CCI) scored a 76 in January 2016. But, there is still concern about the U.S. economy and conditions around the world, in general.
The hot ticket at the recent Air-Conditioning, Heating, and Refrigeration (AHR) Expo was a seat at Building Services Research and Information Association’s (BSRIA’s) presentation on global HVAC trends.
While ACCA and its members had a successful year, there were a number of challenges the industry faced as a whole. Some of the biggest were keeping up with the regulatory proposals and bills in Congress.
DOE is establishing a procedure through which an interested party can, within a 30-day period after DOE posts a rule establishing or amending an energy conservation standard, identify a possible error in such a rule and request that DOE correct the error before the rule is published in the Federal Register.