Articles Tagged with ''tax credits''

The IRA provides incentives to homeowners looking to replace old equipment that burns fossil fuels with new high-efficiency systems that is powered by renewable energy, and HVAC contractors are needed to install it.

The HVAC industry is preparing for increased interest in high-efficiency products, such as variable-speed compressors and heat pumps, following the passage of the federal Inflation Reduction Act.

A new bill in Congress compliments the Biden administration’s push for IAQ improvements by offering tax credits for IAQ assessments and air-filtration and HVAC system upgrades in many non-residential buildings.

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.