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 29, 2019
New timber traceability LEED credit released
Pilot credit aims to reduce use of illegal wood in buildings.
Codes and Standards | Mar 28, 2019
Swinerton forms new mass timber business group
Will pursue new projects being developed with mass timber.
Codes and Standards | Mar 27, 2019
Shortage of skilled construction workers resulting in missed deadlines
Some 40% of contractors have turned down project offers.
Codes and Standards | Mar 25, 2019
ICC release 2019 guidelines for safe use of repurposed shipping containers
Provides in-depth, technical overview on how to design, review, and approve shipping containers as building elements.
Codes and Standards | Mar 22, 2019
Tool helps cities develop framework for life-cycle energy policies and track progress
Identifies policies, funding sources to address building energy use.
Codes and Standards | Mar 21, 2019
New York City contractors adding 5% to 10% to construction costs due to trade war
Tariffs on steel, aluminum, and other materials swell budgets.
Codes and Standards | Mar 20, 2019
Codes organizations to develop new guidelines on shipping containers as building components
Intl. Code Council and Modular Building Institute combine forces.
Codes and Standards | Mar 19, 2019
Plan for transformation of Lower Manhattan streetscapes unveiled
Pedestrian-friendly “Slow Streets” pilot starts on Earth Day 2019.
Codes and Standards | Mar 15, 2019
Newly developed building materials could have big impact on sustainability
Transparent wood, self-cooling walls, bricks that filter air pollutants among the technological breakthroughs.
Codes and Standards | Mar 14, 2019
U.S. and Canada differ on how to evaluate field performance of windows, curtain walls
Variations include laboratory test method for determining rate of air leakage.