DOE, Alliance to Save Energy Help Consumers Lower Taxes, Energy Bills

New federal tax credits will lower personal income taxes in 2006 and 2007 when consumers make their homes more energy-efficient and purchasing fuel-efficient vehicles.

Washington, D.C., November 2005 - New information from the Department of Energy (DOE) and the Alliance to Save Energy (www.ase.org/taxcredits) will help consumers reduce their federal income taxes in 2006 and 2007 by making their homes more energy-efficient and purchasing fuel-efficient vehicles. The information reflects provisions in the Energy Policy Act of 2005 and is provided as part of the DOE/Alliance Powerful $avings campaign to help consumers reduce their energy bills and the nation lower its overall energy use.


The Internal Revenue Service has not yet issued specific guidance for consumers on how to claim the income tax credits, but in the meantime the web pages offer comprehensive information, based on the new energy law, to help consumers save money on their energy bills and their federal income taxes. The web pages will be updated on a continuing basis as the IRS makes new details available.

Under the new energy law, consumers can save up to $500 in taxes in 2006 and 2007 for specific energy-efficiency upgrades to existing homes. In addition, consumers - and businesses - can save up to $3,400 on energy-efficient hybrid-electric or diesel vehicles purchased.

The Powerful $avings campaign (www.ase.org/powerfulsavings) provides tips for lowering energy bills at home and on the road. Consumers also can find a wealth of energy- and money-saving tips in DOE's free Energy Savers booklet (www.energysavers.gov), which is available in both English and Spanish versions.


Featured Product

Roof Tech – E Mount AIR

Roof Tech - E Mount AIR

The most compact versatile rail-less PV mounting system under the sun. Instead of placing solar panels on top of long rails, simply attach E Mount AIR to rafters or the roof decking. Once panels are fastened to the roof, the system array is electrically bonded. The result is a visually seamless PV installation that stands the test of time. - Truly "One With The Roof". - PE stamped cert. letters available, UL 2703 Classified, ASTM 2140 fully waterproof. The one and only with integrated flexible flashing certified by the ICC! All the best quality. Only from Roof Tech