New 2018 Tax Laws

New Tax Law Allows Expensing of Commercial HVAC Installation in First Year

As of January 1st, 2018, changes in the new Federal Tax Code allow for the cost of any section 179 property as an expense which is not chargeable to capital account. Any cost so treated shall be allowed as a deduction for the taxable year in which the section 179 property is placed in service. […]

VRF Air Source Heat Pumps Set to Capitalize on Geothermal’s Loss

Heat Pump Sales Volume By Country By 2020 As we have written previously, the Federal Renewable Energy Tax Credit for geothermal HVAC systems has sunset (as of 12/31/16). The 30% Federal Tax Credit for residential and 10% for commercial systems is now part of history, unless a Republican Congress and Executive branch happens to see […]

The Death of Federal Geothermal Tax Credits?

“There has been a big push to develop alternative forms of energy–so-called green energy–from renewable sources. That’s a big mistake. To begin with, the whole push for renewable energy is being driven by the wrong motivation, the mistaken belief that global climate change is being caused by carbon emissions. If you don’t buy that–and I […]

Your Help Needed Now for Renewable Energy and Geothermal Tax Credit Extender

GEO has received information regarding the tax credits in regard to legislation. Please take action regarding this important industry legislation. NOW is the time to act to help extend the federal tax credits for geothermal heat pumps! Since Congress extended tax credits for solar technologies by five years last December, GEO has pushed hard for […]

New 2016 Efficiency Standards Kick in for HVAC

Don’t buy that 13 SEER replacement unit you were thinking about. The 2015 New York State (and International) Energy Conservation Construction Code has 2016 efficiency standard increases built in. Minimum efficiency standard increases kicked in on 1/1/2016. You can’t replace that rooftop package unit with a bad heat exchanger with a 13 SEER anymore. As […]

NY State Geothermal Tax Credit & Sales Tax Exemption Bills on Gov Cuomo’s Desk

The following comes from Bill Nowak, Executive Director of NY-Geo, Please Act: Governor Cuomo has called the geothermal tax credit (S2905) and sales tax exemption (S4279) bills to his desk. He has until Friday, November 20th to sign them or veto them. It is our understanding that we probably won’t find out until the 20th. WE DO […]

Can the US Become Energy Independent?

Despite whatever your views may be on the various topics of fossil fuels, fracking and renewable energy, it is obvious that the major US push towards developing energy production in all forms is bearing fruits in several ways. The US Energy Information Administration announced today that for the first time in nearly two decades the […]

Sensible Rebuilding and HVAC Installation with Future Flooding in Mind

As most Long Island and New York homeowners are still waiting for insurance settlements to rebuild after Superstorm Sandy (see this Newsday article), it is imperative that planning for future storms be taken into consideration.  Once settlements have been made, it is prudent to avoid the mistakes that were made previously that caused the loss […]

Congress Reinstates 25C Federal Energy Tax Credit on Qualifying HVAC Equipment Retroactively

As you probably know, in a last minute compromise on New Years Day 2013, Congress passed an agreement that will put off mandated cuts in federal spending and reinstate dozens of popular tax breaks that benefit individuals. Please note that among the renewed and retroactive tax breaks was the reinstatement of the $500 25C tax […]

Aftermath – HVAC Replacement Opportunities in the Wake of Sandy’s Destruction

Having seen a vast variety of flooded out and crushed heating and air conditioning equipment in the last few weeks, it seems self-serving to discuss the “silver lining” that being forced to replace HVAC equipment presents, but it is a huge opportunity for owner and contractor alike.  Current recommendations from GAMA, FEMA and most insurance […]

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