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Energy Policy Act of 2005
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The new energy bill signed in August 2005 provides many
incentives for renewable energy appliances and repairs. Some examples of
popular discounts within the bill are below.
Consumer Energy Conservation Provisions:
- Consumers can receive a tax credit of up to $200 for the installation
of new exterior windows.
- Consumers can receive up to a $300 credit for the purchase of a highly
efficient central air conditioner, heat pump or water heater.
- Consumers can receive tax credits up to $500 on the amount they spend
to upgrade thermostats, to caulk leaks, or to stop energy waste.
- Consumers can receive up to $150 for the installation of a highly
efficient furnace or boiler.
- A new provision provides a 10% investment tax credit for expenditures
with respect to improvements to the building envelope.
- Consumers can receive credits for the purchase of advanced main air
circulating fans; natural gas, propane or oil furnaces or hot water
boilers; and other qualified energy efficient property.
- Consumers can receive $100 appliance credits for washers and dryers,
as well as a similar credit for qualified refrigerators.
- Contractors who build energy efficient homes and manufacturers of
energy efficient appliances will receive tax credits.
For more information about federal tax incentives
for energy efficiency, visit the Alliance to Save Energy's
Tax Incentives Assistance
Project.
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1218 Chestnut Street, Suite 1003
Philadelphia, PA 19107
toll free 800-223-5783
phone 215-413-2122 fax 215-413-2140
ecapstaff@theenergy.coop
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