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Showing posts with label Energy Star. Show all posts
Showing posts with label Energy Star. Show all posts

Wednesday, December 22, 2010

Tax credit for home energy upgrades gets reduced Credits are extended into 2011, but aren’t as much of an incentive

By Amy Hoak, MarketWatch

CHICAGO (MarketWatch) — Forget holiday door-buster sales. For big savings, some homeowners are actually buying themselves new doors for Christmas this year, in time to claim the government’s tax credit for home energy efficiency on their income taxes.

The credit covers energy-efficient doors and windows, insulation, roofs, water heaters, biomass stoves, and heating and air-conditioning systems. And the savings can be big: It covers 30% of the cost of improvements, and taxpayers can get a credit of up to a total $1,500 for all qualifying improvements they’ve made to their principal residences during 2009 and 2010.
Billionaire's holiday gift to neighbors

Holiday light show at the home of hedge fund billionaire Paul Tudor Jones II in Greenwich, Conn.

The credit expires on Dec. 31. But buried in the legislation that extends tax cuts made while President Bush was in office is also an extension of the home-energy tax credit.

The catch: Next year, that tax credit will be reduced significantly. Read more on what the new tax bill means to you.
Not so generous

In the bill, homeowners can claim only up to $500, said John W. Roth, senior tax analyst for CCH, a Riverwoods, Ill., tax publisher. It’s also a lifetime tax credit, meaning that if you’ve claimed the maximum of $500 in past years for home-efficiency upgrades — beginning after Dec. 31, 2005 — you can’t do it again.

Under the new rules, there are also limits for individual projects. For example, homeowners can receive a maximum of only $200 for replacing their windows and $150 for replacing a furnace, Roth said.

That’s why homeowners who have the means and the time to take advantage of the credit that expires at the end of this year might want to get their projects done now.

Because while it still may be possible to get a credit for work done next year, it won’t be nearly as attractive and might not even be much of an incentive: “If you haven’t taken advantage of this credit, I think you’ve lost a real opportunity,” Roth said.
Crunch time

Some homeowners, operating under the assumption that the tax credits wouldn’t get renewed, have been hustling over the past several weeks to get their projects finished on time.

To qualify for the credit in the 2010 tax year, not only do items need to be purchased, but they also have to be put into use by the deadline, said Rial Moulton, a certified financial planner and co-founder of Retirement & Tax Planning Specialists in Spokane, Wash.

The government “didn’t want people to buy this stuff and have it sitting around,” Moulton said. The purpose of the credit is to make homes more energy efficient, and allowing people to buy items and store them in the garage for a couple years until they got around to installing them would defeat that goal, he says.

While the specification isn’t a big issue for do-it-yourself projects, it can throw a wrench into homeowners’ plans when they need a professional for installation. So at crunch time, part of good comparison shopping on these items involves not only price, but also whether someone would be able to install the items in time.

Even earlier this month, Home Depot /quotes/comstock/13*!hd/quotes/nls/hd (HD 35.21, +0.13, +0.36%) had to inform some customers that certain projects wouldn’t be finished before the credit’s expiration, said Bill Phillips, director of program merchandising for Home Depot’s installation business. It’s not only a scheduling hurdle, he adds: Some projects require more lead time, such as custom windows, which can take weeks to get from the manufacturer.

Other projects, such as adding insulation, are doable for an average do-it-yourselfer, Phillips said. But those planning on doing their own installation should also get going, to be in accordance with the law. In the event you’re audited, you’d have to tell the Internal Revenue Service that you installed the items by the end of the year, Moulton said.
The fine print

To ensure the product qualifies for a tax credit, obtain a copy of the manufacturer’s certification letter that says so, Phillips said. You’ll need that for your records, along with all receipts, in the event that you get audited.

Also be aware that installation costs aren’t covered for all projects. For instance, taxpayers get no credit for the cost of having someone install their insulation, doors, windows or roofs. Costs to install water heaters, biomass stoves and heating and air-conditioning systems, however, are covered, according to EnergyStar.gov/taxcredits.

Note that these tax credits are “nonrefundable,” meaning that taxpayers can’t get more back in credits than they pay in federal income tax. That said, for the 2010 tax year, unless you won’t owe anything in taxes, you’d see a benefit, Moulton said.

Also, many taxpayers aren’t aware that a credit gives a “way better benefit than a deduction,” Moulton said. For example, a $1,500 deduction for a married couple in the 15% marginal tax bracket would end up being about a $225 benefit, he says. With a credit, you’d see the benefit of the entire $1,500, he said.

For the more ambitious and green homeowners: A separate 30% credit for other home-efficiency improvements, including solar-energy systems, geothermal heat pumps and wind turbines, is still in effect until 2016. And it doesn’t have a maximum dollar amount.

Amy Hoak is a MarketWatch reporter based in Chicago.

Tuesday, July 13, 2010

BASF launches NEOPOR EPS website for North America

BASF launches Neopor® EPS website in North America
More information, organized for the convenience of customers
FLORHAM PARK, NJ, July 7, 2010 – BASF announced a new website for its Neopor® expandable polystyrene (EPS), a forward-looking solution to improve insulation in newly built and renovated buildings. The result is a more robust Internet resource that makes it easier for customers to learn about Neopor’s ability to improve a building’s insulation performance.  Neopor is silvery grey in color because it contains graphite that considerably increases insulation performance.
The new website has been especially designed for the North American market and its content offers an increased value to BASF’s customers.  The features of the site, www.neopor.basf.us include:
A literature section that contains product specifications and regulatory information, along with downloadable information, such as insulation investment payback, technical data sheets, MSDS data, application profiles and brochures;
A spotlight on the latest building success stories and links to customers showcasing their use of Neopor in commercial applications;
  • An expanded marketing section describing the properties and versatility of BASF’s Neopor demonstrating how it adds value in building and construction applications;
  • An online customer information service that puts users in touch with a BASF Customer Relationship Specialist, a single point of contact for answers to many common questions
“Our objective is to provide a comprehensive and user-friendly online resource that will enable our customers and users of our product to find the information they need quickly and easily,” said Aaron Wood, Marketing Manager at BASF. “The site delivers an important, value-added capability for our customers by saving them time and giving them instant access to a wealth of information about our products and services and about the marketplace.”.
The Neopor site is open to all users and requires no registration to receive non-secure information. Customer account information and other secure data are protected with advanced safeguard measures.
BASF - The Chemical Company.

BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has approximately 16,000 employees in North America, and had sales of $13 billion in 2009. For more information about BASF’s North American operations, or to sign up to receive news releases by e-mail, visit www.basf.us.
BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics and performance products to agricultural products, fine chemicals and oil and gas. As a reliable partner, BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges, such as climate protection, energy efficiency, nutrition and mobility. BASF posted sales of more than €50 billion in 2009 and had approximately 105,000 employees as of the end of the year. Further information on BASF is available on the Internet at www.basf.com.

For more information, contact:
Kathy Dennis
BASF Corporation
Tel: (973) 245-6288
E-mail: Kathy.dennis@basf.com

Sunday, April 25, 2010

White Cap Construction Supply - Contractor Day

Looking forward to participating in the Contractor Day event at White Cap Construction Supply store #157 this Thursday. Please stop by and check out our Creatherm radiant installation panels.

The address is:
157 - LOUISVILLE, KY
4609 Poplar Level Road
Louisville , KY 40213
Phone: 502-964-3385
Fax: 502-968-2034

Monday, January 04, 2010

2010 CMX / CIPHEX

Making plans to attend the CMX/CIPHEX Show?

Make sure to visit us March 25 - 27 @ the Toronto Convention Center North Building, Booth 315.

Wednesday, December 16, 2009

Lugar Joins Senators Who Introduce Bill to Stimulate Clean Energy Manufacturing

FOR IMMEDIATE RELEASE:

Thursday, December 10, 2009CONTACTS:Jude McCartin/Bingaman (202) 224-1804Mark Eddington/ Hatch (202)-224-5251Matt Williams/Stabenow (202) 224-1437Mark Hayes/Lugar (202) 224-8370

WASHINGTON – U.S. Senators Jeff Bingaman (D-NM), Orrin G. Hatch (R-UT), Debbie Stabenow (D-MI) and Richard Lugar (R-IN) have introduced legislation that would create jobs by encouraging the manufacture of renewable energy technologies in the United States.

The senators’ American Clean Technology Manufacturing Leadership Act extends the life of a successful tax credit that allows companies to write off 30 percent of the cost of creating, expanding, or re-equipping facilities to manufacture renewable energy technologies, like solar panels, wind turbines, and advanced batteries.

The legislation expands an innovative tax incentive first created at Bingaman’s urging in the American Recovery and Reinvestment Act. The Act authorized the Departments of Energy and the Treasury to award up to $2.3 billion in tax credits. But due to an unexpectedly high number of applicants, that program will run out of funds by mid-January. The senators’ American Clean Technology Manufacturing Leadership Act (S. 2857) would provide an additional $2.5 billion in tax credits, enough to leverage $8.33 billion in new domestic investment.

“This tax incentive has been so successful that President Obama himself called on Congress to extend it, so that more companies can take advantage of it and create jobs,” Bingaman said. “Currently, the United States runs an annual ‘green trade deficit’ of almost $9 billion. But the United States should be the world’s No. 1 manufacturer of clean energy technology. This tax incentive will help us move toward that goal.”

“With all the talk about green jobs these days, it can be confusing to figure out just what a green job is. Well, this legislation promotes green jobs where they matter the most, in the domestic advanced energy manufacturing sector. Renewable energy is a rapidly growing field, and we’re joining together today to ensure that the United States maintains leadership in the development and manufacture of the best energy technologies, while keeping our nation on the competitive cutting edge,” Hatch said.

“In order to turn our economy around and create jobs, we need to build the clean energy technology of the future here in America. Otherwise, we will lose the race with other countries and see those jobs go overseas,” said Stabenow. “This manufacturing tax credit, which I co-authored in the recovery act, has already spurred interest to invest in advanced energy projects such as wind, solar, geothermal, and other renewable resources across the country. It has also set aside critical funding for companies manufacturing technologies for the next generation of advanced vehicles. This initiative is central to any jobs package, and I am pleased to partner with my Senate colleagues to introduce legislation that will help put our economy back on track.”

“With one in ten Hoosiers unemployed and many more underemployed, job creation must be a first priority. Extending the Advanced Manufacturing Tax Credit is a fiscally-responsible way of helping American workers and businesses use our manufacturing expertise to lead in new energy technology production,” Lugar said.

Until ARRA was enacted in February, all domestic tax incentives focused exclusively on business and consumer tax credits to encourage the use of such technology as solar panels. The 30 percent tax credit – created first in ARRA and proposed for expansion through the American Clean Technology Manufacturing Leadership Act -- for the first time incentivized companies to manufacture clean technologies in the United States.

The American Clean Technology Manufacturing Leadership Act was referred to the Senate Finance Committee. Bingaman, Hatch and Stabenow are members of that committee. Bingaman also chairs the Finance Subcommittee on Energy, Natural Resources & Infrastructure, and plans to convene a hearing in 2010 on tax incentives for energy manufacturing.

This news release brought to you by the Indiana Renewable Energy Association.

Wednesday, December 02, 2009

Come visit us at the 2010 AHR Expo

Be our guest in Orlando at the AHR Expo next month.
Creatherm will be exhibiting at the world's largest HVAC&R event January 25 - 27, 2010.
Please stop by our booth # 5088 and join us for a great time.

Don't forget to contact us at info@creatherm.com for VIP admission tickets to the show.

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Thursday, October 29, 2009

Small Iowa City Gets $1M for Geothermal Project

DES MOINES, Iowa, October 13, 2009 (ENS) – Iowa Governor Chet Culver today awarded $1 million to the City of West Union to establish an innovative geothermal district-wide heating and cooling system and a radiant-heat snow-melt system.
A city of about 2,500 in the northeastern corner of the state, West Union is the county seat of Fayette County. In 2008, West Union was named one of Iowa's two Green Pilot Communities by Iowa's Department of Economic Development.
"This is great news for West Union and our state as a whole," said Governor Culver. "I am committed to making Iowa the renewable energy capital of the country, and these funds are another step forward in meeting that goal."
West Union, Iowa on a summer evening (Photo courtesy West Union Chamber of Commerce)
West Union's planned renovation of six blocks of downtown infrastructure is called West Union Green Pilot Project. The award was made through the Community Development Block Grant's Downtown Revitalization Fund and Community Sustainability program.
The community will replace aging infrastructure such as water, storm and sanitary sewers, streets, sidewalks and lights using environmentally friendly materials.
The city intends to complete a six-block green streetscape including reconstruction of the streets and sidewalks. Porous pavement, rainwater harvesting and reuse, rain gardens and bioswales for stormwater retention will make the project green and sustainable.
Geothermal conduits using heat from deep within the Earth, radiant snow melt infrastructure and energy efficient street lighting will be installed.
The governor says no other community in the country will have integrated as many green infrastructure practices in one place and at one time as West Union, making the community a destination for planners, architects, engineers, and community officials who wish to learn from the West Union model.
The project began with a visioning workshop in October 2007 when the Department of Economic Development completed a technical assistance visit to advise West Union about the potential for multi-purpose pedestrian-scale streetscape improvements.
The next step on the green journey included a Green Pilot Workshop held in June 2008 to brainstorm and research green applications that could be incorporated into the six-block streetscape design.
West Union will receive technical assistance and training as well as financial incentives from IDED to complete the new, environmentally responsible streetscape.
The Iowa Green Streets Criteria will apply to this project. These criteria promote public health, energy efficiency, water conservation, smart locations, operational savings and sustainable building practices.
Copyright Environment News Service (ENS) 2009. All rights reserved.

Tuesday, October 27, 2009

Extreme Makeover in Kokomo, IN Adds Wind Turbine

‘Extreme Makeover' includes turbine
Firm giving it to TV show for Kokomo home has office here.

By Aaron Organ of The News-Sentinel
When TV host Ty Pennington calls for a driver to “move that bus” Tuesday in Kokomo for the latest episode of ABC's “Extreme Makeover: Home Edition,” not only will a nearly 4,000-square-foot dream home appear for one lucky family, but the residence will also be powered by a wind turbine built by a South Bend company with local ties.Wind-Wire, which has an office in Fort Wayne, will erect a Windstream 3.7 wind turbine on the lot of the home that is engineered to supply enough energy for a 2,000 square-foot home. The $16,200 donation is scheduled to be installed Sunday or Monday, right about the time Pennington is bellowing deadlines to a crowd of on-site volunteers.Wind-Wire got involved in the “Extreme Makeover: Home Edition” build after company co-owner Dave Smith called the show to offer their services. The show told Smith to contact Hallmark Homes, which was contracted to construct the Kokomo home for the Indiana family in need.After Hallmark executives saw what Wind-Wire had to offer, the rest is history.“We contacted (Hallmark Homes) and they were real skeptical about it, but once we showed them what we did and they saw some of our units, they were all for it,” said Smith. “Matter of fact, they're real excited about it.”The family, which Smith could not identify, was notified of the project Wednesday and promptly sent on vacation, as it customary, while Pennington, his team, hundreds of volunteers and four workers from Wind-Wire get to work for the week.The old home will be demolished today. The new one will be revealed Tuesday.The turbine Smith's company is donating pumps out between 500 and 1,200 kilowatts a month and is entirely dependent on wind; windy months equal more power output. Smith said Skystreams, on average, drop a household electric bill 30 to 80 percent.The turbine will be shipped to the build site from the Wind-Wire plant in La Paz.Smith said the home will be built in a location conducive to wind-powered electricity.“We don't know who the family is, but we're hoping this really helps them out,” said Smith of the turbine. “This will help to eliminate a bunch of their electric.”Smith said Wind-Wire has installed turbines all over the region, from South Bend to Kokomo to Detroit to Chicago. In an economy enveloped in a “green” mentality, Wind-Wire has taken off.“Sure we want a little bit of advertising from it, but you know what? We always wanted to put ourselves in a position where we could do something like this for those families that need it, and we felt this was the perfect way of doing it,” said Smith. “And it feels good.”

Wednesday, July 08, 2009

EPA Launches ENERGY STAR Resources for the Enterainment Sector

We might not be thinking about energy efficiency when we go out to cheer on our favorite sports team or take the kids to the movies, but the enteratinment industry--including stadiums, museums, convention centers, theaters, tourist attractions, and other venues--spends about $4.6 billion on energy each year. These costs can be controlled by managing energy strategically, and the savings can be used to build better attractions. EPA now offers online tools and resources for the enteratinment sector, including a "Quick Reference Guide to Benchmarking," information on promoting energy efficiency.Energy benchmarking groups have already formed among major league baseball stadiums (led by the St. Louis Cardinal's Busch Stadium) and convention centers (led by the Viriginia Beach Convention Center), with members of each group activley sharing information and best practices in a neffort to improve the energy efficiency of their facilitities.

With hundreds of thousands of vistiors each year, these facilities are uniquley positioned to help spread the word about energy effiecny. With EPA's help, members of the entertainment industry will have the tools and resources they need to engage and inspire visitors to join the fight against global warming.

To learn more about ENERGY STAR for the entertainment industry, visit www.energystar.gov.