General Information

Legislative Language & Pending Updates

January 1, 2013: “Fiscal Cliff” Bill Extends Expired Energy Efficiency Tax incentives

Several tax incentives were extended and changed through the American Taxpayer Relief Act of 2012, also known as the “fiscal cliff bill,” which passed Tuesday, Jan. 1, 2013. The residential tax incentives for existing homes, including purchases made in 2012, were extended through 2013. These incentives apply to:

There were also two incentives that were both extend and changed. The new homes credit provides an incentive to builders for new homes that reduce energy use relative to the IECC-2006 building code by at least 50%. This is a change from prior law that used the IECC-2003 as a base. The appliance credit provides an incentive to manufacturers for increased production of very-efficient refrigerators, clothes washers and dishwashers. These credits had several efficiency tiers in 2011; for 2012-2013, the higher tiers remain but the lowest (least efficient) tiers for clothes washers and dishwashers ended.

Also, Congress has begun to consider what to do with these tax credits as part of tax reform. No decisions are likely until the end of the year, but at a recent Senate Finance Committee hearing a variety of proposals were discussed.

February 17, 2009: Stimulus Package Extends, Enlarges Energy Efficiency Tax Incentives

Congress passed an economic stimulus package over the weekend that does much to promote energy efficiency. The American Recover and Reinvestment Tax Act of 2009 includes several provisions modifying and expanding the scope of the energy efficiency and renewable energy incentives. A few notable changes:

Please visit the measure-specific pages through the menus to the left for details.

October, 2008 – Legislative Update

On Oct. 3, 2008, the President signed into law legislation to extend many of the Energy Efficiency Tax Incentives first enacted in 2005 but that expired at the end of 2007 or that were scheduled to expire at the end of 2008.  The bill also includes extensions of a variety of renewable energy tax incentives. The energy efficiency provisions include:

The bill pays for these provisions by restricting several oil and gas industry tax breaks, and tightening some provisions on the sale of stocks.

For more information, see these links:

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