The law allows a tax credit against the income tax liability of a taxpayer equal to 25 percent of the costs incurred by the taxpayer in the purchase and installation of geothermal machinery in or on a facility in South Carolina and owned by the taxpayer. 

Winsupply Inc. has opened five new locations — four in Texas that serve HVAC contractors and one in Denver that focuses on fire protection systems.

The CCI is calculated based on a survey of the association’s contractor members, who are asked how positive they feel about new business prospects, existing business activity, and expected staffing decisions in the short-term future. 

The global advanced HVAC controls market for nonresidential users is expected to register the fastest growth during the forecast period. Nonresidential users of advanced HVAC controls include health care and educational institutions, manufacturing and industrial buildings, and offices and retail stores.

The Indiana Bryant dealer’s equipment donation will ensure the next generation of heating and cooling technicians are familiar with the latest energy-efficient technology. Bryant is a part of UTC Climate, Controls & Security, a unit of United Technologies Corp.

They discussed pension reform legislation and the impact of the Affordable Care Act on signatory contractors.

The market is being driven by rising HVACR deployments, increasing power-generation capacity, and technological advances in cooling towers. Asia-Pacific is expected to witness strong growth in the next five years. The demand across the region is reinforced by the emerging markets, namely China and India.

Enercare Inc. signed an agreement to acquire SEHAC Holdings Corp. for $340.75 million.

Xetex Inc. names Andrew Wilcox president, effective immediately; A.O. Smith Corp. names Shawn Schmonsky vice president of human resources for its water heaters business in North America, India, and Europe; more HVAC manufacturer news briefs.