A bill to extend the expired residential energy efficiency tax credit for installing qualified furnaces, boilers, central air conditioners, and heat pumps was recently filed in the U.S. House of Representatives.
The Home Energy Savings Act would extend the value of the tax credit at 10% of the installed costs up to a maximum $500 per household for 2012 and 2013. The current limits of $150 for a qualified furnace or boiler, and $300 for a qualified central air conditioner, heat pump, or hot water heater would remain in place. In 2014 the credit would become permanent, and the value of the credit would increase to 10% of products costs up to $1,000.
To read more, click here. +
Related Stories
Codes and Standards | Mar 5, 2018
New guide helps planners assess innovation districts
The document is designed to aid in targeting resources toward innovative and inclusive economic development based on an area’s unique strengths and challenges.
Codes and Standards | Mar 1, 2018
Net zero commercial building trend shows strong momentum
Almost 50% more zero energy commercial buildings under construction in 2017.
Codes and Standards | Feb 28, 2018
AEC industry reported high levels of fraud, cyber breaches, and security incidents in 2017
83% experienced at least one fraud incident.
Codes and Standards | Feb 27, 2018
Smart surface solutions can improve disaster resilience, health and comfort in cities
Stormwater management, water quality, and heat island effect could all be impacted.
Codes and Standards | Feb 26, 2018
Bolstering energy efficiency would produce significant health benefits, ACEEE study says
Reducing energy consumption by 15% would save six lives a day.
Codes and Standards | Feb 22, 2018
GBCI will certify underwriting standard for energy efficiency projects
Investor Ready Energy Efficiency (IREE) certification aims to boost confidence in predicted energy and financial savings.
Codes and Standards | Feb 21, 2018
FEMA document provides simplified seismic design provisions for low-hazard regions
Forty four states have areas defined as low-hazard.
Codes and Standards | Feb 20, 2018
Federal budget includes disaster mitigation provisions
Bipartisan bill encourages states to adopt latest building codes.
Codes and Standards | Feb 19, 2018
Easy access to indoor environment controls yields improved efficiency and workplace productivity
JLL/Purdue University project is developing algorithms to improve indoor comfort.
Codes and Standards | Feb 14, 2018
After Energy Star stopped certifying medical properties, a REIT developed its own certification
Welltower uses internal system to evaluate total building performance.