INDIANAPOLIS — Carrier announced that it was allocated a $5.1 million Qualifying Advanced Energy Project tax credit (Project Credit) to expand production at its Indianapolis facility to meet increasing demand for its high-efficiency gas furnace line. Carrier was one of 12 domestic manufacturing businesses to receive a Project Credit, which was enacted by the American Recovery and Reinvestment Act of 2009 and provides investment tax credits to build United States capabilities in clean energy manufacturing.
Carrier was presented the Project Credit allocation at the inaugural American Energy and Manufacturing Competitiveness Summit in Washington, D.C., which hosted leaders from industry, academia, labor, national laboratories, government, and media to discuss energy and manufacturing challenges affecting the U.S.
“This innovative program has been instrumental in helping Carrier’s Indianapolis manufacturing facility accelerate production of our high-efficiency gas furnace line,” said John Gibbons, director of residential product and platform strategy, Carrier. “The investment is helping us meet demand for our new condensing gas furnace line, which offers at least 92 percent annual fuel utilization efficiency, while also supporting our long-standing commitment to sustainability through improved energy efficiency and performance.”
For more information, visit www.carrier.com.
Publication date: 1/27/2014