Federal Renewable Energy Tax Credits Are Back!

The 30% federal tax credit for geothermal heat pumps in the residential sector and the 10% credit for qualifying commercial geothermal installations has been reinstated. They are also retroactive to cover any installations done since the last Federal Tax Credit sunset in December 2016. The tax credits will remain in effect until December 31, 2019, at which […]

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 […]

Ecovent – High Tech Disruptor of HVAC Air Distribution

 Just as Nest disrupted the thermostat industry with its Nest Learning Thermostat, there is a new tech start-up attempting to solve home comfort and air distribution balancing issues.   Ecovent stealthily started up around May 2015, but really debuted recently at the 2016 Consumer Electronics show. This time, the disruptor wasn’t developed in Silicon Valley, but […]

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 […]

VRF is Unique Solution for Historic Tribeca Landmark

                  Listed on the National Register of Historic Places, the eleven story building at 260 West Broadway was built by the New York Wool Warehouse Company as the New York Wool Exchange in 1894-1896. Designed by William B. Tubby in the Renaissance revival style, the building was advanced in […]

VRF HVAC Market In NYC Poised for Significant Growth

The combination of new FEMA flood insurance requirements, aging chiller and cooling tower plants, fears of legionella contamination and illness, a surging real estate market and increased population density are converging to create a perfect storm for VRF growth in the New York metropolitan area and beyond. Currently, we are involved in several multi-tenant VRF […]

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