ACEEE'S GRAPEVINE ONLINE
January 17, 2006
THE FEDERAL GOVERNMENT IS HERE TO HELP YOU!
TAX INCENTIVES FOR EFFICIENCY NOW AVAILABLE
In August 2005, the President signed the Energy Policy Act of 2005,
including just under $2 billion in tax incentives for new and existing
homes, commercial buildings, home appliances, and advanced vehicles.
ACEEE, working with a number of other organizations, has formed
the Tax Incentives Assistance Project (TIAP) to provide information
to consumers and businesses on what's eligible and how to qualify.
Incentives are available for:
- Credits
of up to $500 for homeowners who install insulation, windows,
heating and cooling equipment, and water heaters meeting certain
efficient standards;
- Credits
of $2,000 for home builders who construct new homes that perform
50% better than the national model energy code;
- A deduction
of up to $1.80 per square foot for owners or designers of new
and existing commercial buildings for exceeding the ASHRAE 90.1
standard by 50%;
- Credits
of up to $3,150 for buyers of hybrid and clean diesel vehicles,
based on a formula calculated from mileage and total fuel savings;
- Credits
of up to $150 to manufacturers of high-efficiency refrigerators,
clothes washers, and dishwashers;
- Credits
of up to $2,000 for installation of solar electric or thermal
systems.
There are also incentives for fuel cells and microturbines. These
incentives are mostly in the form of federal income tax credits,
with the exception of the deduction for commercial buildings. Most
incentives are in effect beginning January1, 2006 through December
31, 2007, with the exception of vehicle credits which will run through
2010. Visit the TIAP
Web site for the details, and
if you have a Web site aimed at educating consumers and businesses
on energy efficiency, please link to the TIAP site.
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