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
| Nov 29, 2012
AGC offers stormwater compliance webinar
An effective document management system is necessary to stay in compliance with new and forthcoming stormwater runoff requirements, says the Associated General Contractors of America.
| Nov 29, 2012
Government policies help accelerate adoption of green building
Green procurement policies or green building mandates can help accelerate the adoption of green building practices, according to research by Timothy Simcoe and Michael Toffel.
| Nov 26, 2012
Minnesota law to spur development, job creation produced few jobs
Legislation that allowed local governments to direct excess property tax dollars from tax-increment financing districts into other private developments was supposed to kick-start construction hiring in Minnesota.
| Nov 26, 2012
How to boost resilient systems that are sustainable
Cities of the future can be both more resilient and more sustainable by promoting strategies that include solar power and green roofs, programs that minimize demand for energy, rain gardens, and permeable pavement.
| Nov 26, 2012
Developer of nation’s first LEED platinum skyscraper focuses on carbon reduction
The Durst Organization, the developer of the first LEED platinum certified skyscraper in the country, says it will not seek LEED certification for its residential pyramid planned for New York’s West 57th Street.
| Nov 26, 2012
Questions linger over ability of Miami's newer high-rises to withstand hurricanes
Some towers in Miami, rebuilt after a hurricane in 2005, were allowed to be constructed under older building codes instead of newer ones created after Hurricane Wilma.
| Nov 26, 2012
Changes in development and building standards needed for health of Potomac River
The Potomac River’s health stands to suffer if the region does not change its development and building standards, according to the Potomac Conservancy.
