The Air-Conditioning, Heating, and Refrigeration Institute (AHRI) this week called on Congress to extend and expand tax credits for residential energy efficiency improvements that are set to expire at the end of this month. The call comes as a follow-up to a letter AHRI and members of the Residential Energy Efficient Tax Credit Industry Coalition sent to Congress last week in support of extending the credit for another year, and expanding it to $1,000 for specific efficiency improvements.
"These tax credits have been successful in helping homeowners save money on utility bills by upgrading to more efficient heating, air conditioning, and water heating systems," said Stephen Yurek, AHRI president and CEO. "In addition, the credit has achieved its purpose of saving energy, while protecting employment in the manufacturing, distributing, and contracting industries. With the economy just showing signs of growth, now is not the time to scale back," he added.
Even in tight budgetary times, it is important for Congress to understand that the widespread benefits of these credits far outweigh the cost to the treasury, Yurek said.
to Daily News