New Carrier White Paper Helps Calculate the Tax Savings of a Geothermal Heat Pump System

 New Carrier White Paper Helps Calculate the Tax Savings of a Geothermal Heat
                                 Pump System

PR Newswire

SYRACUSE, N.Y., Nov. 15, 2012

SYRACUSE, N.Y., Nov. 15, 2012 /PRNewswire/ --Building owners, designers and
contractors considering a geothermal heat pump system can now easily determine
the associated federal tax credits, using Carrier's new white paper,
Geothermal Heat Pump Systems and Federal Tax Incentives. The free paper,
available on Carrier.com, provides an overview of the federal tax credit along
with a payback analysis for new construction, retrofit or replacement
installations, which can deliver tax benefits up to 50 percent of the original
project cost in just five years. Carrier, the world's leader in high
technology heating, air-conditioning and refrigeration solutions, is a part of
UTC Climate, Controls & Security, a unit of United Technologies Corp. (NYSE:
UTX).

(Logo: http://photos.prnewswire.com/prnh/20110908/NE64247LOGO )

The Energy Improvement and Extension Act of 2008 expanded the Investment Tax
Credit to include geothermal heat pump systems. Under this program, a tax
credit of 10 percent of dollars spent can be claimed for geothermal heat pump
systems placed in service before the end of 2016.

"A renewable source of energy makes the geothermal heat pump system one of the
most efficient heating ventilation and air-conditioning (HVAC) systems
available," stated Greg Alcorn, vice president, commercial sales and
marketing, Carrier. "Federal tax credit and depreciation deduction incentives
increase the appeal of these cost-effective, flexible systems even further."

Carrier offers a comprehensive line of geothermal heat pump systems. Carrier^®
Aquazone^™ water source heat pump products can be used in all types of water
loop, ground water, and ground loop type systems. The units meet or exceed
ASHRAE 90.1 efficiencies and boast extended ranges of operation from 20 to 110
degrees Fahrenheit along with a wide variety of options.

"Saving energy and reducing cost are at the forefront of our customers'
needs," added Alcorn. "Customers are looking for investments that have
immediate as well as long-term benefits, and our Aquazone geothermal heat pump
systems deliver."

To learn more about Carrier Aquazone water source heat pumps and to download a
free copy of the new white paper, visit Carrier.com.

ABOUT CARRIER
Carrier is the world's leader in high technology heating, air-conditioning and
refrigeration solutions. Carrier experts provide sustainable solutions,
integrating energy-efficient products, building controls, and energy services
for residential, commercial, retail, transport and foodservice customers.
Founded by the inventor of modern air conditioning, Carrier improves the world
around us through engineered innovation and environmental stewardship. Carrier
is a part of UTC Climate, Controls & Security, a unit of United Technologies
Corp., a leading provider to the aerospace and building systems industries
worldwide. Visit www.carrier.com for more information.

SOURCE Carrier

Website: http://www.carrier.com
Contact: Michelle Caldwell, Carrier, +1-317-240-5690,
michelle.caldwell@carrier.utc.com
 
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