Federal Corporate Tax Incentives for Energy Efficiency (Last Modified: 02-12-2008)
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Federal - Internal Revenue Service - Energy Efficient Appliance Tax Credit for Manufacturers
Applicable Sectors: Builders/Developers,
The Energy Policy Act of 2005 established tax credits for manufacturers of high-efficiency residential clothes washers, refrigerators, and dishwashers produced in calendar years 2006 and 2007. Manufacturers only receive these credits for the increase in production of qualifying appliances over a three-year rolling baseline, and only appliances produced in the United States are eligible.
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Federal - Internal Revenue Service - Energy Efficient Commercial Buildings Tax Deduction
Applicable Sectors: Builders/Developers,
Commercial,
The Energy Policy Act of 2005 established a tax deduction for energy efficient commercial buildings applicable to qualifying systems and buildings placed in service from January 1, 2006 through December 31, 2007. This tax deduction was subsequently extended through 2008 by Section 204 of the Tax Relief and Health Care Act of 2006. (H.R. 6111).
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Federal - Internal Revenue Service - New Energy-Efficient Home Tax Credit for Builders
Applicable Sectors: Builders/Developers,
The Energy Policy Act of 2005 established tax credits of up to $2,000 for builders of all new energy-efficient homes, including manufactured homes constructed in accordance with the Federal Manufactured Homes Construction and Safety Standards. Initially scheduled to expire at the end of 2007, the tax credit was extended through 2008 by Section 205 of the Tax Relief and Health Care Act of 2006 (H.R. 6111).
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Federal - Internal Revenue Service - Residential Energy Conservation Subsidy Exclusion
Applicable Sectors: Multi-Family Residential,
Residential,
According to Section 136 of the IRS Code, energy conservation subsidies provided by public utilities, either directly or indirectly, are nontaxable: "Gross income shall not include the value of any subsidy provided (directly or indirectly) by a public utility to a customer for the purchase or installation of any energy conservation measure."
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