Energy Policy Act of 2005 Tax Credits PDF Print E-mail
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Congress recently passed the Energy Policy Act of 2005, which offers consumer and builder tax incentives for increasing the energy efficiency of new and existing homes through measures such as added insulation; energy-efficient windows, doors and roofs; and energy-efficient heating and cooling equipment. Incentives include the purchase and installation of energy-efficient appliances and products, renewable energy measures, construction of highly energy-efficient homes, and the purchase of certain fuel-efficient vehicles. Most of these tax credits remain in effect through 2007.

 

Tax Incentive Coalition Launches Website to Help Consumers, Businesses
Save with New Energy Efficiency Tax Credits
November 2005
The Tax Incentives Assistance Project (TIAP) provides information to give consumers and businesses information they need to make use of the federal income tax incentives for energy efficient projects and technologies passed by Congress as part of the Energy Policy Act of 2005. The Tax Incentives Assistance Project (TIAP) is sponsored by a coalition of public interest nonprofit groups, government agencies, and other organizations in the energy efficiency field. TIAP will update the web site regularly as the IRS makes new information available.

Energy Policy Act of 2005 Tax Credits
A synopsis of the Energy Policy Act of 2005 Tax Credits.

The U. S. Environmental Protection Agency (EPA) has created a set of tax credit fact sheets for use by state and territory energy offices. These fact sheets were created with substantial input from members of the National Association of State Energy Official's Energy Star Task Force.

Consumer Tax Credits
Consumer Tax Credits for Energy Efficiency.

Residential Tax Credits
Using Home Performance with Energy Star to Take Advantage of Tax Credits for Residential Energy Efficiency.

Commercial Tax Incentives
Are You Ready to Take Advantage of the New Commercial Tax Incentives?

Treasury/IRS Provide Guidance for Energy Credits for Homeowners February 2006
The U. S. Treasury Department and the IRS have issued Notice 2006-26, which guides homeowners in claiming credits for purchases that make their homes more efficient.

Treasury/IRS Provide Guidance for Energy Credits to Home Builders
February 2006
Guidance regarding the energy-efficient homes credit available under the Energy Policy Act of 2005. Under the new provision, an eligible contractor who constructs a qualified new energy-efficient home may qualify for a credit of up to $2,000. The credit is available for all new homes, including manufactured homes constructed in accordance with the Federal Manufactured Homes Construction and Safety Standards.

The Energy Bill: New Energy-Efficiency Home and Vehicle Tax Credits
This site is a partnership of the Alliance to Save Energy and the U.S. Department of Energy. It examines tax credits and vehicle, home improvement and solar credits available under the Energy Policy Act. Also see this pdf file.

New Energy Efficiency Tax Credits Take Effect January 2006
A DOE web site, which lists some of the specific provisions of the new Energy Policy Act of 2005.

Energy Bill Extends Wind Power Incentive through 2007
First-ever "Seamless" Extension Will Spur Investment, Job Creation, and Clean Energy Production.

SEIA Guide to Federal Tax Credits for Solar Energy
To help homeowners take advantage of the federal solar energy tax credits, the Solar Energy Industries Association (SEIA) has published "The SEIA Guide to Federal Tax Credits for Solar Energy," a 40-page manual in the form of a 1.4-MB PDF file. See the SEIA press release and sign up on the SEIA Web site to receive a free copy of the guide via email.

IRS Provides Guidance on Tax Credits for Efficient Vehicles January 2006
IRS/Treasury provide guidance to hybrid manufacturers.

Schools and the Energy Policy Act of 2005 February 2006
An Alliance to Save Energy article.

New Bill May Extend Energy Policy Act Tax Credits through 2010 March 2006
The creation of sustainable markets for energy-efficient homes and commercial buildings got a boost today with the introduction of a Senate bill to extend new federal tax credits authorized in the Energy Policy Act of 2005 through 2010, the Alliance to Save Energy said today.

IRS Releases Tax Credit Figures for Ford and Toyota Hybrids April 2006
The U.S. Internal Revenue Service (IRS) announced last week the official dollar amounts for federal tax credits earned with the purchase of Toyota and Ford hybrid vehicles. Anyone who purchased a new 2005 or 2006 Toyota Prius since January 1st may receive a credit of $3,150 on this year's taxes, while smaller credits can be earned by buying the Toyota Highlander Hybrid or the Lexus RX400h. For Ford, the 2006 Escape Hybrid with front wheel drive earns the largest credit, at $2,600, while the four-wheel-drive Escape Hybrid and Mercury Mariner Hybrid earn a credit of only $1,950. The agency has not announced the tax credit figures for Honda, but since the earlier estimates by the American Council for an Energy Efficient Economy (ACEEE) proved accurate for Ford and Toyota, those estimates are probably a reliable guide for Honda. After each automaker sells 60,000 hybrid vehicles, the tax credits will begin to phase out. See the IRS press releases on the Ford and Toyota hybrids. For Honda, see the ACEEE estimates.

High-Efficiency Lighting Tax Benefits
This free National Lighting Bureau brochure explains the tax benefits available For High-Efficiency Lighting as authorized by the Energy Policy Act of 2005 and offers sources of additional information.

 

 
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