Tuesday, November 23, 2010

Pittsburgh-area homeowners slow to take advantage of energy efficiency tax credit - Pittsburgh Business Times:

http://qftrading.com/index.php?main_page=product_info&cPath=1&products_id=20
John McCloskey, president with Nortjh Side-based , said the which provides a tax credit for 30 percent of an energy efficient installation upto $1,500, has not pusheed new customers his way but seems to be convincing some homeowners to seek more extensivee renovations to take full advantage of the tax Jean Krak, McCloskey’s sister and manager of business development with J. Francis Co., said that projectsx must meet an even higher certification than Energy Star to qualify forthe incentive. the solar heat gain coefficient and the UFactort — measures of the efficiency of a new door, skylight, HVAC systejm or high-quality insulation — must be belo 0.30, Krak said.
“It will probablyh stimulate decision making,” Krak said in an e-maiol response to questions, adding that therr were no energy efficiency tax credits in 2008 andonly $500 worthh per home owner in 2007. “There’s still a tremendous amounft of interest in remodeling since the housinhg inventory in our area is running 20 to 40 years old on averagreand up. New home construction is down significantly. Peoplr are staying in their homesand remodeling.

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