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Subsidy Tracker Individual Entry

Company: Carrier Corporation
Parent Company: Carrier Global Corporation
Subsidy Source: federal
State in Which Facility Is Located: Indiana
City: Indianapolis
Project Description: Carrier, a part of UTC Building & Industrial Systems and a subsidiary of United Technologies Corporation, was selected for a $5.1 million dollar 48C Advanced Energy Manufacturing Tax Credit to expand production at its Indianapolis facility to meet increasing demand for its eco-friendly condensing gas furnace product line. The new line includes the most energy efficient gas furnaces on the market -- all with at least 92% annual fuel utilization efficiency.
Year: 2013
Major Industry of Parent: building materials
Specific Industry of Parent: air conditioning equipment
Subsidy Value: $5,100,000
Program Name: Advanced Energy Manufacturing Tax Credit (48C Program)
Awarding Agency: Department of Energy
Type of Subsidy: federal allocated tax credit
Source of Data: Attachment to December 12, 2013 Energy Department press release: (click here)
Notes: Year is year credit approval was announced.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.