Coalition Launches Website to Help Consumers, Businesses Save with New Energy Efficiency Tax Credits

A new web site from the Tax Incentives Assistance Project (TIAP) aims to help individuals and businesses cut their federal tax bills and their energy bills in 2006 and 2007 by becoming more energy-efficient.

Washington, D.C., November 21, 2005 - A new web site from the Tax Incentives Assistance Project (TIAP) aims to help individuals and businesses cut their federal tax bills and their energy bills in 2006 and 2007 by becoming more energy-efficient. Launched today, www.energytaxincentives.org provides information on valuable new federal income tax incentives in the Energy Policy Act of 2005 (EPAct).


"With today's spiraling energy costs and predictions of a colder than normal winter in certain parts of the country, we urgently need to reach out to consumers and businesses alike and inform them about the new tax credits and about saving money with energy efficiency," said Alliance to Save Energy President Kateri Callahan. "The only way to bring down energy prices in the next few years is to reduce demand - a prescription that energy efficiency can fill."

"We hope consumers and businesses will log onto the TIAP website to get the information they need to lower both their energy bills and their federal income tax liability," said Steven Nadel, executive director of the American Council for an Energy Efficient Economy (ACEEE). "Another advantage of this new federal policy is to grow the marketplace for energy-efficient technologies, so that product availability can increase and product prices decline, providing long-term benefits even after the tax incentives expire."

Under the new law, consumers and businesses can receive tax incentives for specific energy-efficiency upgrades to homes and commercial buildings such as upgrades to home insulation and windows and commercial building lighting improvements. In addition, the law includes tax credits for energy-saving technologies such as hybrid vehicles, appliances, heating and cooling systems, solar energy systems, and high-efficiency new home and commercial building construction.

TIAP is a coalition of public interest nonprofit organizations, including the Alliance and ACEEE, as well as government agencies and other leaders in the energy-efficiency field. Its mission is to help consumers and businesses benefit from EPAct's federal income tax incentives and credits. A full list of TIAP supporters can be found at www.energytaxincentives.org .

TIAP will update the web site regularly as the IRS makes new information available. TIAP partners also will work with government agencies to ensure that they issue and implement guidelines and rules in a timely and appropriate manner.

####
The Alliance to Save Energy is a coalition of prominent business, government, environmental, and consumer leaders who promote the efficient and clean use of energy worldwide to benefit consumers, the environment, economy, and national security.

The American Council for an Energy-Efficient Economy is an independent non-profit organization dedicated to advancing energy efficiency as a means of promoting both economic prosperity and environmental protection. For information, visit http://aceee.org .

Featured Product

SMA America - Introducing the New Sunny Boy 5.0/6.0-US

SMA America - Introducing the New Sunny Boy 5.0/6.0-US

The Sunny Boy 5.0-US / 6.0-US features a wealth of improvements and joins SMA's lineup of field-proven solar technology backed by the world's #1 service team. The world's first Secure Power Supply now delivers up to 2,000 W of opportunity power when the grid goes down and the sun is shining. Installation has never been easier thanks to SMA's Installation Assistant, direct access via smartphone, and integrated DC disconnect. The Sunny Boy's multiple independent input channels, each with SMA's OptiTrac™ Global Peak, mean hundreds of stringing configurations for flexible system design while solving the challenges of complex roofs and shading. The residential PV market is changing rapidly, and we understand that your bottom line matters more than ever. That's why we've designed a superior residential solution that will help you decrease costs throughout all stages of your business model. The Sunny Boy 5.0-US and 6.0-US are once again raising the bar by offering improved performance, enhanced features, and most importantly, cost savings across the entire spectrum of residential installation processes.