AHRI Applauds Presidential Signing Of Stimulus Bill
The Air-Conditioning, Heating and Refrigeration Institute applauded congressional leaders on the passing and signing of an economic stimulus bill that “provides numerous incentives to upgrade the nation's heating and cooling system infrastructure, creating thousands of jobs, reducing buildings' energy costs, and helping achieve the nation's environmental goals faster.”
"This bill provides enhanced incentives for consumers to upgrade existing heating and cooling equipment and it provides funding for the federal government, states, and cities to improve energy efficiency in buildings and schools," said AHRI President Stephen Yurek. “We are thrilled that there appears to be a paradigm shift in how policymakers view our industry. They now rightly see us as the solution providers we are and they have provided the market stimulus to help us provide those energy saving solutions for the good of the nation.”
For consumers, the bill includes:
- An uncapped 30% tax credit for the
purchase of solar water heaters and geothermal heat pumps (that means those who
purchase such equipment can claim a credit for a full 30 percent of the
purchase price, regardless of the total cost).
- A $1,500 aggregate tax credit, beginning with the date of enactment (Feb. 17, 2009) that consumers can claim for qualified energy efficient home improvements. The efficiency levels for split air conditioners and heat pumps have been modified to reflect the highest tier of the 2009 CEE specification. Therefore, only 95% AFUE gas furnaces; 90% AFUE oil furnaces; 16 SEER/13EER and above central air conditioners; 15 SEER/12.5 EER/8.5 HSPF split heat pumps; .82 energy factor/90 thermal efficiency gas, propane, or oil water heaters; and 90% AFUE gas, propane or oil-fired boilers would qualify. This provision replaces the current tax incentives for these products.
$9.75 billion to states for use, if they so choose, to modernize and renovate
schools' heating and cooling systems.
billion for Department of Defense energy efficiency projects and facility
- $4.5 billion to the General
Services Administration for conversion of federal buildings to High-Performance
- $4 billion to the Department of Housing and Urban Development for energy retrofits for public housing, plus an additional $510 million to do the same for Native American housing programs.