2011 NEWSmakers: Page 1. THE HVACR CONTRACTOR’S WEEKLY NE WSMAGA ZINE SINCE 1926 December 19, 2011 | $5.00 | Visit us online at www.achrnews.com, Twitter, Facebook + LinkedIn Propelling the Industry Forward: 2011 NEWSmakers Highlighted A s 2011 comes to an end, The NEWS is proud to announce this year’s NEWSmakers. While the indus-try faced many challenges this year, this group of industry members did not sit around and wait to react. Instead, they proactively responded to the biggest issues affecting the HVAC industry. The 2011 NEWSmakers have taken the ini-tiative to lead out on a number of issues that will greatly impact the industry, including everything from regional residential equip-ment standards to R-22 dry-shipping and social media to accounting regulations. Their efforts exemplify what it means to be a leader. Four of this year’s honorees are individu-als who are leading their respective compa-nies and associations in bold new directions. The fifth honoree is an industry coalition that worked tirelessly over the past year to prevent a burdensome regulation that would have harmed contractors. The NEWS is proud to honor the 2011 NEWS-makers. Go to page 11 for the full stories. • John Mandyck, chief sustainability officer for the Climate, Controls and Security Systems business unit of United Technologies Corp. (UTC) • Greg Crumpton, president and founder of AirTight Mechanical • Talbot Gee, executive vice presi-dent and COO of the Heating, Airconditioning & Refrig-eration Distributors In-ternational (HARDI) • Stephen Yurek, president and CEO of the Air-Conditioning, Heating & Refrigeration Insti-tute (AHRI) • The Mechanical Contractors As-sociation of America (MCAA) Construction Industry FASB Coalition (CIFC) Industry Pushes for 25C Tax Credit in 2012 By Kimberly Schwartz Of The NEWS Staff T FASB Coalition 2011 NEWSmakers (from top, left to right): John Mandyck, Greg Crumpton, Stephen Yurek, Talbot Gee, and MCAA Construction Industry FASB Coalition he 25C tax credits have been a popular sales tool for residential HVAC contractors since their introduction in 2006. Late last year, Congress extended the credits through 2011, and now many in the industry are wondering if Congress will extend the credits again for 2012. While the original tax credit incen-tive made up to $500 available for eligible homeowners who made quali-fied upgrades to their homes’ energy efficiency, the incentive was modi-fied to remove individual appliance caps, remove a lifetime cap on claims, and increased to up to $1,500 begin-ning in February 2009 and extend-ing through 2010. In December 2010, Congress considered extending 25C for another year and ultimately did so, but changed the value of the credit. For 2011, Congress reduced the credit to up to $500, reinstated the individ-ual limits for the qualifying types of equipment, and reinstated the lifetime cap. By reinstating the lifetime cap, any household that had claimed up to $500 in 25C credits since 2006 was ineligible to use it again. While the reduced tax credits offered to homeowners in 2011 have not been as beneficial for the indus-try, many believe that offering some incentive is better than none at all. • See TAX CREDIT | page 10 PODCASTS NEWS you can listen to for the latest NEWSUpdates and lively interviews. Catch our podcasts online at www.achrnews.com or subscribe at the iTunes store. www.achrnews.com BTU BUDDY 50 REAL LIFE SERVICE CALL SCENARIOS Written by Bill Johnson Originally posted online on the Extra Edition page of The NEWS’ Website. BUY IT TODAY! Go online to www.aecstore.com and click on HVAC.