Two Indiana plants get $15M in clean-energy credits

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

A federal agency has awarded two Indiana manufacturers more than $15 million in tax credits intended to boost their production of clean energy equipment.

Heating and air conditioning maker Carrier Corp.'s Indianapolis plant is getting about $5 million in tax credits from the U.S. Department of Energy to boost production of a condensing gas furnace product line that includes the most energy efficient gas furnaces on the market.

Delphi Automotive Systems is getting $10.6 million in tax credits  for upgrades that will help its Kokomo Power Electronics plant remain competitive in the electric vehicle market by cutting production and engineering costs.

Delphi plans to invest more than $35 million through 2017 at the Kokomo factory as part of the project that's expected to create more than 150 new jobs.
 

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In