Tax Incentive Coalition Launches Web Site

(This information comes from the Association of Energy Service Professionals newsletter.

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. The site, www.energytaxincentives.org provides information on valuable new federal income tax incentives in the Energy Policy Act of 2005 (EPAct).

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 the site.

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.

Energy Tax Incentives Web Site