Federal tax credits designed to encourage energy-efficiency measures by homeowners and home builders expired at the end of 2021 but are expected to be revived later this year — and made retroactive.

The International Ground Source Heat Pump Association joined with the National Groundwater Association during Groundwater Week at the Music City Convention Center in Nashville.

Washam and counterparts at AHRI identified legislative items that might make a difference for the better for contractors and manufacturers this year.

While the reduction of the corporate tax rate from 35 percent to 21 percent and the simplification of individual tax brackets garnered most of the headlines following the passage of the 2017 Tax Cuts and Jobs Act, there’s a hidden jewel tucked within the tax reform package that commercial HVACR contractors need to be aware of: the expansion of Section 179.

Riviera Beach, Florida – The buzz surrounding RGF Environmental Group, Inc.’s (RGF) recent invitation and visit to the White House caught the attention of Florida Governor, Rick Scott.

Following a contentious two-year struggle, the HVACR industry is enthusiastically applauding Congress’ decision to reinstate the federal residential and commercial geothermal heat pump tax credits.

WaterFurnace Intl. Inc. is poised for an exciting year as the manufacturer is preparing to release several new commercial HVAC products, including a modular chiller and rooftop unit as well as a variable-speed, 10- to 15-ton Versatec geothermal heat pump.

After two years of strenuous, grassroots efforts, it appears as if geothermal tax credits are making a comeback.

It’s not unusual for one to wake up with a headache on Jan. 1, but the headache that greeted the geothermal industry on Jan. 1, 2017, wasn’t caused by excessive late-night celebration. On that date, geothermal systems lost their 10 percent investment tax credit under Section 48 of the Internal Revenue Code (which covers energy tax credits).