Posts tagged ‘incentives’

April 5, 2016, 12:22 pm

Last Chance to Take Advantage of Our “Bundle Up For Spring” Incentive Program

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In this spring season of rebirth and renewal, we are rewarding contractors who sell our ductless products on more jobs through our “Bundle Up For Spring” incentive program. But hurry, because the program ends on April 30, 2016.

For every qualified claim, we will reward the contractor monetarily via a prepaid Visa card, which will be reloaded as additional sales are reported. Other details include:

  • Contractors need to register claims on ductlessrewards.com.
  • Proof of purchase for verification (e.g. shipping receipt, invoice or packing list) should be uploaded, emailed or faxed. Units must be purchased during promotion dates (give promotion dates here February 15 – April 30, 2016).
  • Only residential applications qualify. Multifamily projects with an existing quote and/or special pricing do not qualify.
  • The deadline for contractors to submit claims is Friday, May 13, 2016.
  • Qualified equipment includes all M-Series unit, the new Altios™ system and the wireless interface for kumo cloud™.

For additional questions about the program, email support@rewardhq-cs.com or call (800) 278-1517.

Written by MitsubishiHVAC
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March 22, 2016, 9:00 am

Green Certification in Unexpected Applications

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This year’s International Builders’ Show provided a perfect forum for Home Innovation Research Labs to showcase its annual report and the initial results of its National Green Building StandardTM (NGBS) certification program. The goal of this program was to create a flexible yet consistent building certification program with which builders and developers could certify green projects. With over 60,000 green certified projects to date, these results show the success of the NGBS program.

Most interestingly, the report highlighted a niche of distinct mixed-use facilities that may not have qualified as green-certified projects under other metrics. Some of these facilities included:

  • Student Housing. Student housing creates small but diverse communities in a single area. Schools can promote sustainability by installing high-performance insulation and ventilation products, but also by placing campus housing facilities, student resource buildings and social life nearby one another, making it easier for students to make sustainable choices to walk or bike rather than take a car.
  • Military Housing. Servicemen, servicewomen and veterans bring to the building industry a variety of need-based applications. For example, in Liberty Hill, Texas, Staff Sergeant Ray Coffey needed a cold, dark space to help manage the after-effects of his service.
  • Rescue Facilities. Rescue facilities – firehouses, and emergency stations where first responders must remain on-call – typically have residential floors where professionals on call can sleep, cook and commune. These facilities also have the business component of a garage and dispatch. In some cases, these facilities could even be registered as a “residence with an exceptionally large garage.”
  • Supportive Shelters. In low-incoming housing, having cost-saving options but still providing noticeable comfort is right in line with the mission. Often these are varied spaces with multiple kitchens and residences, as well as community and enrichment rooms.

For more ideas about how to redefine sustainable building, click here to read the full annual report.

March 1, 2016, 9:00 am

Success Showing From Low-income Housing Initiatives

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Late last year, during his visit to the United States, Pope Francis called for an end to homelessness. It’s a crisis that remains at the front of our national consciousness. Incidentally, the building industry has the ability to contribute by developing affordable housing, and the outlook is good.

Last month, “Affordable Housing Finance” reported findings that the performance of Low-income Housing Tax Credits (LIHTC) is trending upward. LIHTC incentivize property managers and industry professionals to develop low-income housing and those incentives are shown to have increased overall occupancy to 97.5 percent – according to this study from CohnReznick. This study also showed a decrease in the risks associated with low-income projects – including an improved debt coverage ratio.

As the frequency of new low-income projects continues to grow, we know that our cost-saving HVAC products can help keep energy bills down which makes low income housing that much more affordable. We strive to offer easy-to-install and affordable-to-maintain cooling and heating systems because all people should live comfortably without worry of the cost.

Icon made by Freepik from www.flaticon.com and is licensed by CC BY 3.0.. Family Designed by Freepik. Graphics have been edited.

Written by MitsubishiHVAC
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February 17, 2016, 9:00 am

The Advantage of Net Metering

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While some cities are seeking to become net-zero or even net-positive, a battle currently taking place in Massachusetts is over the limit set on net metering – a process by which residents are incentivized to save or generate power from their homes and sell it back to energy companies. This is the most recent in a line of Massachusetts rebates and not only offsets the cost of energy bills, but helps reduce the demand on the grid.

Massachusetts Governor Charlie Baker proposed raising the cap – thus furthering the incentivizing – as much as four percent in the last year. However, the funding for these subsidies comes in the form of higher prices for those not using solar energy, according to Mary-Leah Assad of National Grid: “The cost of these subsidies is not borne by the utilities, but by the 99 percent of our Massachusetts electricity customers who do not own solar.”

Offering attractive solar options is not only a good long-term option environmentally, but also as an immediate solution – both in New England and across the country. Solar panels are a great way for a home to produce its own energy, and pairing solar panels with our zoned comfort solutions creates an energy-efficient loop throughout the home. As Massachusetts strives to generate 1,600 megawatts of solar power by 2020, we’re working to provide cost-effective equipment that meets the needs of increasingly energy-conscious users.

Written by MitsubishiHVAC
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January 11, 2016, 9:00 am

Massachusetts Approves Our Systems for Rebate

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Cities are constantly looking to initiate more green building projects and to update older, existing buildings. In short: Cities are going green. In Boston, the Massachusetts Clean Energy Center (MassCEC) announced a $30 million initiative to increase the use of clean cooling and heating systems on these projects. In December, MassCEC listed our products as eligible for this rebate, including our MSZ-FH09NA/MUZ-FH09NA system. The rebate for houses using air source heat pumps ranges from $750 to $3,750.

For your customers in Massachusetts considering our systems, this rebate just might seal the deal. Massachusetts natives have shown interest in being energy conscious – ranking first as the most energy-efficient state for the last five years – and promotions like these are attractive to those needs.

For more information about which products are eligible check out MassCEC.com

Written by MitsubishiHVAC
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March 20, 2014, 2:02 pm

Why Architects Should Care About Energy Efficiency Rebates and Incentives

March 20_Architects-Energy Efficiency Rebates Incentives ImageThe green building movement is no longer an emerging trend – it is here to stay. In fact, residential, commercial and institutional green construction is expected to double by 2016. Yet, architects still have difficulty convincing building owners and homeowners that going green doesn’t always have to come at a hefty price.

The article in the latest issue of our Architect newsletter makes the case as to how architects can take advantage of financial incentives to offset the initial costs of green building. Here are a few tips from the article:

  • Offsetting Costs with Financial Incentives. Architects should know about and be able to take advantage of available tax incentives, rebates, grants and loans in life-cycle analyses. This will allow architects to clearly demonstrate the money saving possibilities to clients and focus on long-term energy saving benefits – both of which can make a difference in the bottom line.
  • Knowing the Options. There are more than 1,450 incentive programs available for both residential and commercial construction. DSIRE (the Database of State Incentives for Renewables and Efficiency) is a comprehensive database that will help identify the right option for each project.
  • Understanding the Incentive Landscape. Be aware of any financial incentives that are available through federal, state and local governments as well as local or regional utility companies. Knowing the details of each can help optimize the project’s energy efficiency improvements while keeping the upfront costs as low as possible.
  • Sharing the Wealth. Knowing your options is one thing, but sharing it with clients is a whole different ball game. As Kurt Haapala, AIA, principal of Mahlum Architects, Seattle, says “It’s not complex math. If you can paint a picture of environmental and financial benefits, you get over that first cost hump easier.”

To learn more about the fundamentals of energy rebates and incentives, read the full article in the Fall 2013 issue of our Architect newsletter. To subscribe to our newsletters, click here.

November 4, 2013, 4:07 pm

Don’t Wait Until It’s Too Late to Get Your 179D Tax Break

2013 isn’t the only thing that’s coming to an end on December 31 – the 179D Tax Deduction (179D) will be too, at least for now. In a recent article in Forbes,179D Tax Break for Energy Efficient Buildings – Update,” writer Dean Zerbe informs readers on the little-known, lucrative opportunity for building professionals that may be ending soon.

According to the Tax Analytics Group, only 10% of qualifying projects utilize 179D, also known as the Energy Policy Act (EPAct), which was enacted in 2006 by the Internal Revenue Service to provide incentives to make buildings more energy efficient. Currently, architects, engineers, contractors and building owners can receive tax deductions of up to $1.80 per square foot for the construction or improvement of energy efficient commercial buildings. Any commercial building from warehouses and parking garages to schools and university dormitories can be considered. Zerbe notes, however, that for the “economics to make sense, the building should be greater than 50,000-square-feet.”

Better yet, architects, engineers and contractors can receive partial or full deductions for constructions they’ve worked on within the last three years and building owners can go back in the past six. The tax deduction amount is determined by the following requirements:

  • Building must surpass 2001 ASHRAE Standards. Good news is that with today’s stricter building code requirements, most states already require this.
  • To achieve the maximum $1.80 tax deduction, the building’s energy and power costs must be reduced by at least 50 percent when compared to conventional like-buildings.
  • Partial tax deductions of $0.60 or $1.20 per square foot can be given for the building envelope, HVAC/hot water systems and interior lighting systems individually. To receive partial deductions, the building envelope must be 10 percent more efficient than standard constructions and both HVAC/hot water and lighting must reach a 20 percent improvement.

As Zerbe bluntly says, “179D is a commonsense, technologically neutral way of encouraging energy efficiency.” And, above all, it is an effective means for businesses and building professionals to receive thousands of dollars in savings. So, while the option is still on the table, submit your old energy efficient projects and speed up this year’s plans to create new ones.

Click here to read the full Forbes article. To find out if your energy efficient buildings qualify for the tax deduction, visit the U.S. Department of Energy’s Office of Energy Efficiency & Renewable Energy website.

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