Tax credits - Articles - Page 5

The Pros and Cons of Sharing Heat Pump Tax Credit Incentives with Homeowners

Ultimately, if you’re not talking with your customers about available incentives, you are doing homeowners a disservice

Nicholas Orth

October 10, 2023

Promoting incentives to homeowners — when it’s not a promotion you’re offering — can have risk written all over it.

You Should Be Selling to Landlords

It’s time to study up on multifamily tax credits for HVAC; the results could be lucrative

Maria Taylor

September 13, 2023

Incentives for multifamily HVAC projects are becoming available through the Inflation Reduction Act.

Using a Qualified Plan for Charitable Giving

Using a Qualified Plan to Maximize Your Charitable Giving

If you want to make the most of your charitable donations from your qualified plans, you have a few options

Briana Hilton

August 26, 2023

The main (and most crucial) difference between qualified and non-qualified plans is that their contributions are income tax deductible and allows you to enjoy tax deferral on any money invested.

IRA Rebate Rebellion?

DeSantis veto sets up Florida’s rejection of federal money for HVAC upgrades.

Matt Jachman

August 25, 2023

Florida Gov. Ron DeSantis vetoed a $5 million grant that was to pay for administering the distribution of $346 million in federal Inflation Reduction Act rebate money in the state.

HVAC Contractors Are Eligible for the Employee Retention Credit

HVAC contractors can still apply for federal pandemic relief money for 2020, 2021

Matt Jachman

August 10, 2023

Guidelines have changed several times since the program began. Eligibility was expanded, and the credit amounts increased.

Geothermal HVAC System at Louisville Kentucky Airport Terminal

Geothermal Industry Expects a Boom

New Incentives Will Drive Commercial, Homeowner Demand, Experts Say

Matt Jachman

August 9, 2023

The Inflation Reduction Act’s major incentive for the installation of a qualified geothermal system is a 30% federal clean energy credit, which can be used at filing time to offset taxes owed or add to any refund.

Industry Inclusion: Insulation Advocates Petition DOE for Equal Attention

Insulation is a critical element to indoor comfort

Herb Woerpel

June 7, 2023

The DOE’s Energy Savings Hub is bursting with information; however, one has to dig fairly deep to find any mention of insulation.

What Does the Inflation Reduction Act Mean to Your HVACR Customers?

The perception that heat pumps don’t work in cold climates is not accurate

Nicholas Orth

June 6, 2023

The IRA incentivizes high-efficiency replacements and encourages the move to electrification, which is simply replacing fossil fuel systems with an alternative, electric heat source.

The IRA’s ‘Transformative’ Incentives

Contractors urged to market consumer tax credits while rebate plan is worked out

Matt Jachman

April 9, 2023

Nearly $9 billion in federal rebate money is eye-catching but months away. Experts say the Inflation Reduction Act’s enhanced tax credits, for consumers and contractors, are the best bets now.