In case you missed it, two major pieces of legislation impacting the HVAC and plumbing industry were recently passed.
A recent article in the ACHR News announced that the recent legislation passed by Congress and signed by the president to avoid the fiscal Cliff also retroactively reinstated the Internal Revenue Service code 25C tax credits for high-efficiency HVAC and water heating equipment that expired at the end of 2011. The air-conditioning heating and refrigeration Institute (AHRI) reported that the legislation extends the tax credits from January 1, 2012 through December 31, 2013 for qualified equipment listed in section 25C of the Internal Revenue Code. The article states that because the credits were made retroactive to January 1, 2012 they can be used for qualified equipment that was installed any time during the past year as well as going forward in 2013.
The list of rebates includes:
- Air Conditioners and Heat Pumps ($300 Tax Credit)
- Advanced Main Circulating Fan ($50 Tax Credit)
- Boilers ($150 Tax Credit)
- Furnaces ($150 Tax Credit)
- Water Heaters ($300 tax credit)
To read this article, click here .
In another article by Charles McCrudden of ACCA (Air Conditioning Contractors of America), the Department of Energy has agreed to withdraw the pending minimum energy conservation standard that includes regional standards for residential non-weatherized and mobile home gas furnaces. According to the article written by McCrudden, portions of the June 27, 2011 Direct Final Rule setting the minimum AFUE standards for residential non-weatherized and mobile home gas furnaces and 90% in the northern region and 80% in the Southeast and Southwest regions is vacated, along with the pending May 1, 2013 compliance date. Pending the court's acceptance of this settlement, non-condensing furnaces remain legal to install in all states until further notice.
To read this article, click here.