February 2017 trade ally newsletter
IRS New Tax Compliance
Starting on January 1, 2017, Nicor Gas is required to issue an IRS Form 1099-MISC to some contractors offering instant discounts of $600 or more in rebates annually. These payments will be calculated on a calendar year basis and mailed at the start of the following year. Additionally Nicor Gas is also required to issue an IRS Form 1099-MISC to some businesses and landlords (residential customers are exempt) who receive $600 or more in rebates per calendar year. In both cases, some companies may be exempt from this requirement based on their corporate structure (for example, corporations are just one type that is exempt).
Program your customer’s thermostats for maximum benefit
Help your customers save energy and money year-round by programming their thermostat when in the home. By setting their thermostat you can help them save while staying comfortable this winter. ENERGY STAR recommends setting temperatures back at least eight degrees during away periods.
Incentives for residential new construction builders
Builders can earn up to $450 per home constructed at least 20 percent above current Illinois energy efficiency codes. You’ll reduce warranty calls and increase customer satisfaction. For more information, contact Mike Topitzhofer at 651.200.3417.
Last chance to earn bonus rebates
You must meet the February 28, 2017 installation deadline to qualify for bonus rebates. Use these bonus rebates to upsell your commercial and industrial customers on eligible space heating equipment, such as:
- Condensing boilers: $3,000 bonus on rebates of $500 to $7,500
- Direct fired space heaters: Up to $1,500 bonus on rebates of $500 to $1,000
- Infrared heaters: $800 bonus on $700 rebates
- Furnaces: $450 bonus on rebates of $300 to $400
- And more
Facility and opportunity assessments
Discover business opportunities by referring your customers to schedule FREE energy assessments. After the assessment, your customer receives a report that identifies potential projects and provides financial analysis to help your customers move forward with you on the recommended projects.
- With customer approval, you can attend the assessment and report presentation
- Assessments can add custom and prescriptive projects to your pipeline for years to come
- A 30 percent early action bonus promotes rapid project conversion