Tax credits - Articles - Page 9

By installing a solar array, homeowners can essentially pre-purchase their future electrical needs at today’s cost. PHOTO Courtesy of Michigan Energy Services

Geothermal + Solar = Expensive but Often Worth it

Combination systems often result in net-zero consumption

June 20, 2016

For those looking to take energy conservation to the next level, many contractors are encouraging the installation of a combination geothermal heat pump and solar energy system.

Arkansas Gains Funding for American Tubing Plant

This funding will help create 100-plus jobs in a distressed community

April 11, 2016

National New Markets Fund LLC is expanding its investment in Arkansas with a $10 million New Markets Tax Credit (NMTC) allocation to help fund development of an American Tubing Arkansas (ATA) facility in Springdale, Arkansas, that will produce components used in HVAC, refrigeration, defense, and automation products.

Arkansas Gains Funding for American Tubing Plant

This funding will help create 100-plus jobs in distressed community

April 6, 2016

National New Markets Fund LLC is expanding its investment in Arkansas with a $10 million New Markets Tax Credit (NMTC) allocation to help fund development of an American Tubing Arkansas (ATA) facility in Springdale, Arkansas, that will produce components used in HVAC, refrigeration, defense, and automation products.

The hot, dry climates of many regions of the western U.S. make geothermal a tougher sell, because the loop field usually needs to be larger to ensure proper heat transfer. PHOTO Courtesy OF Sound Geothermal Corp.

It’s Not Easy, Going Green

Geothermal struggles for acceptance in some parts of the country

Joanna R. Turpin

February 15, 2016

GHPs may not often be a consumer’s first choice for heating and cooling, but many contractors remain dedicated to the technology, and they’re still finding consumers who want GHPs — even in areas where their benefits are not known as well.

Geothermal Industry Confident in Federal Tax Credit Renewal

Manufacturers and industry leaders are optimistic about extension or renewal after 2016

Nick Kostora

October 26, 2015

The 30 percent federal tax credit for residential geothermal heating and cooling installations (as well as solar and wind) is set to expire at the end of 2016. This is an irrefutable fact, but everything else surrounding the tax credit remains in a state that is best described as limbo.

The State of the Solar HVAC Market

Solar HVAC is going through massive changes as demand continues to flourish

Nick Kostora

August 31, 2015

As demand and support for energy efficiency, long-term cost reductions, and other benefits provided by solar installations grow, so does concern over how solar will look after current federal tax credits expire at the end of 2016.

Wind, Solar, and the Renewable Energy Tax Credit

Manufacturers, contractors, and customers prepare for tax credit expiration in 2016

Nick Kostora

August 31, 2015

The tax credit has undoubtedly been a boon for both the solar and wind industries, and while some have presented benefits to letting the credits expire and go away, many more are hoping they’ll be extended and renewed.

In a Geothermal State of Mind

Manufacturers push for greater awareness of energy-saving systems

Joanna R. Turpin

July 27, 2015

Despite the numbers, manufacturers remain optimistic about the future and are focused on growing the market by introducing new products and educating the public on the many benefits of GHPs.

Will Expiring Tax Credits Ground GHPs?

HVAC contractors plan for life without the long-standing 30 percent federal tax credit

Joanna R. Turpin

July 27, 2015

Barring an act of Congress, the 30 percent federal tax credit for residential geothermal heat pump (GHP) systems will expire at the end of 2016. The industry is worried about what that means for the future.

Federal Tax Credits Help Drive Commercial Geothermal Growth

Ten Percent Tax Credit Helping Contractors Overcome Upfront Cost Obstacles

Nick Kostora

March 23, 2015

The tax credit — commonly referred to as 25D — offers consumers up to 30 percent on the installation of wind power, solar electric and water, and fuel cell technologies.