| The Energy Policy Act of 2005 was signed into law
by the President on August 8, 2005. Tax Credits for
Homeowners:
There are different levels of credits depending on the type of
improvement made, but the maximum amount of homeowner credit for
improvements combined cannot exceed $500 during the two year period of
the tax credit. This tax credit applies to improvements made from
January 1, 2006 though December 31, 2007.
Eligible measures include high-efficiency gas and propane furnaces,
high-efficiency central air conditioning units, including air source
heat pumps, high efficiency fans for heating and cooling systems.
Incentive amounts are $150 for furnaces, $300 for qualifying air
conditioning or heat pump units, and $50 for qualifying fans for heating
and cooling systems.
Tax Credits for Home Builders:
Home builders are eligible for $2,000 tax credit for a new energy
efficient home that achieves 50% energy savings for heating and cooling
over the 2004 International Energy Conservation Code (IECC) and
supplements. At least 1/5 of the energy savings must come from building
envelope improvements.
These tax credits apply to qualified new homes built or produced
12/31/05 through 12/31/07.
Click here to visit Energy Stars Website
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