These are the latest ideas and bills in congress, which may or may not actually happen.

First up are new tax credits for homeowners investing in energy efficiency upgrades. The Cut Energy Bills at Home Act.

It's based on annual predicted energy cost savings from heating, cooling, hot water and “permanent lighting” in a primary residence. For a minimum credit of $2,000, homes would need to reduce energy costs by 20 percent. Incremental credits are available.


The Home Owner Managing Energy Savings Act is in the works. It may provide instant rebates to homeowners investing in energy efficiency upgrades. Rebates from $2,000 for 20 percent to 24 percent reductions in energy to $8,000 for 50 percent reductions. Whether high-tech systems such as energy management and lighting control could be included is not yet nailed down.


The expired energy efficiency tax credits for furnaces, central air conditioners, windows, doors, roofs, and water heaters, may also come back. They have been recognized by many in congress as beneficial.


These incentives could possibly boost the home energy efficiency sector, but it's all politics as usual, from here on out.


Views: 169

Tags: act, credits, efficiency, energy, incentives, rebates, tax

Comment

You need to be a member of Home Energy Pros to add comments!

Join Home Energy Pros

Comment by Bob Blanchette on March 21, 2012 at 5:04pm

Subsidizing peak power reductions makes sense from an overall grid prospective. It's peak power demand in summer months that cost utilities a small fortune to keep up with. Power during off peak periods is actually quite cheap, but rates are increased to cover peak demand costs.

Comment by Tom DelConte on March 14, 2012 at 6:12am

Comment by Lisa Louis, USN blogger:

2011 energy tax credits: The Residential Energy Tax Credit was reduced in 2011, but you still may be able to deduct up to $500 for insulation, roofs, and doors.

Videos

  • Add Videos
  • View All

Twitter

Latest Activity

Amber Vignieri posted a blog post
41 minutes ago
Barbara Smith's video was featured

Weatherization: Crawl Spaces

Crawl Spaces - Training for Weatherization Installers. Re-posted from Seventhwave.org
2 hours ago
Kelly replied to Colin Genge's discussion What is the value of using a pressure pan to test outlets?
"Hi Colin, I like using the pressure pans at outlets to guide my inspections once I'm in the…"
18 hours ago
Leo Klisch commented on Home Energy Magazine's blog post Natural Gas is Becoming Less Attractive
"It seems a bit wasteful to use NG for such a low temperature application as space heat. If a heat…"
19 hours ago
HomeWiz posted photos
20 hours ago
Kobus Niemand commented on Jim Gunshinan's blog post A Healthy Home and a Healthy Bottom Line
"Thanks for the download! Great paper,  Homes receiving EE can experience increases in radon…"
20 hours ago
Jan Green replied to Rob Madden's discussion DOE Home Energy Score
"Agreed Sandy on all counts!   HES and HERS will be confusing to everyone that doesn't…"
21 hours ago
Steven Lefler replied to David Eakin's discussion A Growing American Problem In Search Of Valid Answers
"Modular Lifestyles has developed proven Net Zero factory built as a modular or his HUD code…"
22 hours ago

© 2016   Created by Lawrence Berkeley National Laboratory.   Powered by

Badges  |  Report an Issue  |  Terms of Service