|  | | | | | Tax credits and tax deductions are part of The Energy Policy Act of 2005 (EPAct), signed by President Bush on August 8, 2005. It offers consumers and businesses federal tax incentives beginning in January 2006 for purchasing fuel-efficient hybrid-electric vehicles and energy-efficient appliances and products. Most of these tax incentives remain in effect through 2007. For detailed information, these websites are recommended:
This website includes:
Energy Bill Analyses
o The Federal Energy Policy Act of 2005 and its Implications for Energy Efficiency Program Efforts
o Estimate of Savings from Energy Efficiency Provisions in the Final Bill
o Comprehensive Federal Energy Legislation—the 2005 Final Bill
o A Choice of Two Paths: Energy Savings From Pending Federal Energy Legislation—April, 2005 Tax Incentives
o Summary of Energy Efficiency Tax Incentives in the Energy Policy Act of 2005
o Tax Incentives Awareness Project
o Light-Duty Hybrid and Diesel Vehicle Tax Credits in the Energy Bill
www.aceee.org/energy/legsttus.htm
 Energy-efficient Commercial building deduction. This provision allows a tax deduction for energy-efficient commercial buildings that reduce annual energy and power consumption by 50% compared to the American Society of Heating, Refrigerating, and Air Conditioning Engineers (ASHRAE) 2001 standard. The deduction would equal the cost of energy-efficient property installed during construction, with a maximum deduction of $1.80 per square foot of the building.
www.energy.gov/taxbreaks.htm
The Energy Policy Act of 2005 created the Energy Efficient Commercial Buildings Deduction, which allows building owners to deduct the entire cost of a lighting or building upgrade in the year the equipment is placed in service, subject to a cap. This website, developed by the Lighting Systems Division of the National Electrical Manufacturers Association (NEMA) in cooperation with the Commercial Building Tax Deduction Coalition, provides education about the lighting aspects of the Deduction and resources to help with its implementation. It was created as the first of a series of lighting education initiatives by the lighting industry addressing lighting quality and efficiency.
www.lightingtaxdeduction.org
NEMA is leading a broad-based coalition of business, trade, government, energy efficiency, and other groups and organizations. The Commercial Building Tax Deduction Coalition is working to ensure the provision is implemented smoothly and to promote awareness and information about its benefits, and energy efficiency improvements in commercial buildings.
www.nema.org/gov/efficientbuildings
The Commercial Building Tax Deduction Coalition is working to ensure the provision is implemented smoothly and to promote awareness and information about its benefits, and energy efficiency improvements in commercial buildings.
www.efficientbuildings.org/
 The Energy Policy Act of 2005 - New Tax Incentives Make High-Benefit Lighting Less Expensive Than Ever Before
Significant new tax benefits are available to those who upgrade their existing lighting systems or specify high-efficiency lighting for new commercial buildings. The tax benefits are authorized by the Energy Policy Act of 2005. A new brochure available free from the National Lighting Bureau (NLB) provides an overview of the benefits and identifies sources of additional information.
http://nlb.org/publications.html
When your overall productivity through the effective use of focused lighting applications is the issue,
call on Amerlux Lighting Solutions | | | |