Items Tagged with 'tax credits'

A new bipartisan bill in Congress could restore and extend critical energy efficiency tax credits, including the 179D, 45L, and key clean energy credits.

Construction industry giants clash over Trump’s State of the Union, exposing deep divides between merit shop leaders and organized labor on jobs, wages, and the future of the workforce.

Residential credits are set to sunset, but commercial geothermal continues to gain momentum thanks to not-yet-expiring tax incentives, innovation, and maturing tech. For HVACR contractors, the next wave of geothermal growth hinges on training and design expertise.  

Some House Democrats are citing a legal technicality as they try to save a federal incentive for high-efficiency residential HVAC equipment. But the Internal Revenue Service has issued guidance that says the 25C credit will not be available for equipment put into service after this year. 

As tax credits are set to drastically change, here's a handy cheat sheet to stay in the know. 

With energy costs on the rise, the campaign emphasizes how modern electric appliances — like heat pumps, heat-pump water heaters, and solar panels — can help families cut bills, boost comfort, and protect themselves from future price shocks.

Geo leaders talk tax credits, road map to geo success.

The clock is ticking on IRA tax credits. With incentives of up to $3,200 in savings set to expire at the end of 2025, HVACR contractors have a limited window to boost sales, educate customers, and stand out from competitors who aren’t talking incentives. 

The 25C tax credit, which offers homeowners up to $2,000 for a heat pump, is expiring after this year. But word-of-mouth, improving technology, and other incentives are expected to drive heat pump sales. 

Both groups see unfinished business on the table. SMACNA flagged disappointment that several contractor-friendly residential tax credits (25C, 25D, 45L) are set to expire after 2025 or 2026. ABC is pushing for continued momentum on regulatory reform to help contractors stay competitive.