Residential Energy Tax Credits

Residential Energy Tax Credits

Author: Margot L. Crandall-hollick

Publisher: Createspace Independent Pub

Published: 2012-10-22

Total Pages: 30

ISBN-13: 9781480166769

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Currently, taxpayers may be able to claim two tax credits for residential energy efficiency: one is scheduled to expire at the end of 2011, whereas the other is scheduled to expire at the end of 2016. The nonbusiness energy property tax credit (Internal Revenue Code (IRC) §25C) currently provides homeowners with a tax credit for investments in certain high-efficiency heating, cooling, and water-heating appliances, as well as tax credits for energy-efficient windows and doors. For installations made during 2011, the credit rate was 10%, with a maximum credit amount of $500. The credit available during 2011 was less than what had been available during 2009 and 2010, when taxpayers were allowed a 30% tax credit of up to $1,500 for making energy-efficiency improvements to their homes. The residential energy efficient property credit (IRC §25D), which provides a 30% tax credit for investments in properties that generate renewable energy, such as solar panels, is scheduled to remain available through 2016. Advances in energy efficiency have allowed per-capita residential energy use to remain relatively constant since the 1970s, even as demand for energy-using technologies has increased. Experts believe, however, that there is unrealized potential for further residential energy efficiency. One reason investment in these technologies might not be at optimal levels is that certain market failures result in energy prices that are too low. If energy is relatively inexpensive, consumers will not have a strong incentive to purchase a technology that will lower their energy costs. Tax credits are one policy option to potentially encourage consumers to invest in energy-efficiency technologies. Residential energy-efficiency tax credits were first introduced in the late 1970s, but were allowed to expire in 1985. Tax credits for residential energy efficiency were again enacted as part of the Energy Policy Act of 2005 (P.L. 109-58). These credits were expanded and extended as part of the American Recovery and Reinvestment Act of 2009 (ARRA; P.L. 111-5). The Section 25C credit was again extended, at a reduced rate, and with a reduced cap, through 2011, as part of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111-312). Although the purpose of residential energy-efficiency tax credits is to motivate additional energy efficiency investment, the amount of the investment resulting from these credits is unclear. Purchasers investing in energy-efficient property for other reasons—for example concern about the environment—would have invested in such property absent tax incentives, and hence stand to receive a windfall gain from the tax benefit. Further, the fact that the incentive is delivered as a nonrefundable credit limits the provision's ability to motivate investment for low- and middle income taxpayers with limited tax liability. The administration of residential energy-efficiency tax credits has also had compliance issues, as identified in a recent Treasury Department Inspector General for Tax Administration (TIGTA) report. There are various policy options available for Congress to consider regarding incentives for residential energy efficiency. One option is to let the existing tax incentives expire as scheduled. A second option would be to extend or modify the current tax incentives. S. 3521, the Family and Business Tax Cut Certainty Act of 2012, would extend the 25C credit for two years—2012 and 2013. Another option would be to replace the current tax credits with a grant or rebate program—the Home Star Energy Retrofit Act of 2010 (H.R. 5019 / S. 3177 in the 111th Congress), for example. Grants or rebates could be made more widely available, and not be limited to taxpayers with tax liability. Enacting a grant or rebate program, however, would have additional budgetary cost.


Comparison of energy efficient and green buildings

Comparison of energy efficient and green buildings

Author: Shrestha, Shritu

Publisher: Universitätsverlag der TU Berlin

Published: 2016-04-18

Total Pages: 329

ISBN-13: 3798327912

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The adverse environmental impacts from inefficient building construction increase if measures to reduce energy and resource use, through stringent building policies and efficient technology, are not implemented in developed and developing countries. To illustrate a holistic approach to reducing buildings’ energy and resources, the comparison of energy efficient and green buildings in terms of their technological aspects and their policy context in developed and developing countries, mainly in Europe, the USA and India, is presented together with a policy package recommendation for Nepal. A quality review of multiple literature sources, supported by various expert opinions, were the methods used for this in-depth analysis. It discusses that mandatory building standards, voluntary labels, information instruments and financial incentives are the most effective combination for the shift towards market transformation, that results in a higher share of energy efficient and green buildings. The lesson such as higher compliance with, and enforcement of, building energy standards can be seen in developed countries (e.g. Germany). Looking at a building’s life cycle perspective, it is not sufficient to focus solely on operational energy reduction in higher energy efficient buildings as this is achieved by the increased use of energy intensive materials. Green requirements must be considered in updating building energy standards and labels, particularly for developed countries. Green building certification will also become more effective when the stringency of energy standards is higher and when the whole building life cycle assessment is considered. Due to the increasing scarcity of energy and resources, many developing countries are forced to face up to the need for holistic green buildings. Although baseline standards are not as high as in most developed countries and national financial support is low, the gradual move towards making the standards more stringent and incorporating the wider scope of resource saving are positive developments in developing countries (e.g. India). However, to achieve significant success, strategies must include the establishment of a suitable funding environment, a political commitment and a strong government vision for long term and sustainable building construction. The challenges faced by Nepal are even greater due to the fast pace of urban growth and the absence of energy and resource efficient buildings policies, highlighting the need for an effective policy package. Overall, this dissertation demonstrates how energy efficient and green buildings are interlinked. Green buildings reinforced with higher levels of energy efficiency and energy efficient buildings incorporating green requirements are stepping-stones for achieving greater building energy and resource efficiencies. And a suitable policy package fosters its development. Nachteilige Umweltwirkungen eines ineffizienten Bausektors nehmen zu, wenn Maßnahmen zur Reduktion des Energie- und Ressourcenbedarfs in Form stringenter Gebäudepolitiken und effizienter Technologie in Industrieländer und Entwicklungsländer nicht umgesetzt werden. Um einen ganzheitlichen Ansatz zur Reduktion des Energie- und Ressourcenbedarfs von Gebäuden abzubilden, werden energieeffiziente und grüne Gebäude hinsichtlich technologischer Aspekte und ihres Politikkontextes in Industrie- und Entwicklungsländern verglichen. Die Analysen beziehen sich hauptsächlich auf Europa, die USA und Indien und werden ergänzt um Empfehlungen für ein Maßnahmenpaket für Nepal. Ein Review unterschiedlicher Literaturquellen, unterstützt durch diverse Expertenmeinungen, stellt die methodische Grundlage für diese detaillierte Analyse dar. Es diskutiert dass Bauvorschriften und -standards, freiwillige Label, Informationsinstrumente und finanzielle Anreize bilden die effektivste Kombination für die Einleitung einer Markttransformation, die schließlich zu einem höheren Anteil energieeffizienter und grüner Gebäude führt. Gute Beispiele einer höheren Beachtung von Gebäudeenergiestandards und deren Weiterentwicklung existieren in verschiedenen Industrieländern wie Deutschland. Unter Berücksichtigung des Lebenszyklus von Gebäuden ist es nicht ausreichend, nur die Reduktion des Energieverbrauchs in der Nutzungsphase der Gebäude zu beachten, weil diese den Einsatz von Materialien mit hohem Energieverbrauch in der Herstellung bedeuten kann. Grüne Anforderungen muss in der zukünftigen Entwicklung von Gebäudeenergiestandards und -labels berücksichtigt werden, insbesondere in Industrieländern. Die Zertifizierung grüner Gebäude wird auch effektiver werden, wenn Energiestandards verschärft werden und wenn vollständige Gebäude-Ökobilanzen berücksichtigt werden. Auf Grund steigender Knappheit von Energie und Ressourcen sind viele Entwicklungsländer gezwungen, sich der Notwendigkeit grüner Gebäude zu stellen. Obwohl das Niveau von Mindeststandards unterhalb dessen der meisten entwickelten Ländern liegt und die finanzielle Unterstützung gering ist, sind die schrittweise Verschärfung der Standards und die Einbeziehung der weiteren Perspektive der Ressourcenschonung positive Entwicklungen in Entwicklungsländer wie Indien. Um erfolgreich zu sein, müssen bestehende Strategien umfasst werden, an die Schaffung eines geeigneten Förderrahmens, die politische Bekenntnis und eine starke Regierungsvision für einen langfristigen und nachhaltigen Bausektor. Die Herausforderungen, mit denen Nepal konfrontiert wird, sind noch umfangreicher. Sie resultieren aus einem schnellen urbanen Wachstum und dem Fehlen von energie- und ressourceneffizienten Gebäudepolitiken. Die Erforderlichkeit eines effektiven Maßnahmenpakets für Nepal wird hierdurch unterstrichen. Insgesamt wird hierdurch der Zusammenhang zwischen energieeffizienten und grünen Gebäuden aufgezeigt. Die verstärkte Berücksichtigung von Energieeffizienz in grünen Gebäuden sowie von Nachhaltigkeitsanforderungen in energieeffizienten Gebäude sind Sprungbretter für die verbesserte Energie- und Ressourceneffizienz von Gebäuden. Eine solche Entwicklung wird durch ein geeignetes Maßnahmenpaket unterstützt.


Renewable Energy and Energy Efficiency Incentives

Renewable Energy and Energy Efficiency Incentives

Author: Lynn J. Cunningham

Publisher: DIANE Publishing

Published: 2011-08

Total Pages: 58

ISBN-13: 1437984533

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Recently, there have been growing concerns about the availability and cost of energy and about environ. impacts of fossil energy use, especially global climate change. Those combined concerns have rekindled interest in energy efficiency, energy conservation, and the development and commercialization of renewable energy technologies. This report describes federal programs that provide grants, loans, loan guarantees, and other direct or indirect regulatory incentives for energy efficiency, energy conservation, and renewable energy. For each program, the report provides the administering agency, authorizing statute(s), annual funding, and the program expiration date. Charts and tables. This is a print on demand report.


Energy Policy

Energy Policy

Author: Tolga Taner

Publisher: BoD – Books on Demand

Published: 2020-07-22

Total Pages: 158

ISBN-13: 1789238730

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The aim of this book is to provide energy conservation, increase energy efficiency, reduce the costs of alternative and renewable energy sources, improve energy management systems, and provide energy for world peace. The chapters collected in the book are contributions by invited researchers with long-standing experience in different research areas. I hope that the material presented here is understandable to a wide audience, not only energy and mechanical engineering, but also scientists from various disciplines. The book contains seven chapters in four sections: “Introduction to the Energy,” “Energy Policy,” “Energy Application for Country,” and “Implementation of Other Energy Technologies and Policies and Policies.” This book shows detailed and up-to-date evaluations in different areas and was written by academics with experience in their fields. It is anticipated that this book will make a scientific contribution to energy and environmental regulations, quality and efficiency of energy services, energy supply security, energy market-based approaches, government interventions, and the spread of technological innovation for a broad spectrum of researchers, academics, graduate and doctoral students, and other scientists both today and in the future.


U. S. Master Tax Guide 2009

U. S. Master Tax Guide 2009

Author:

Publisher: CCH

Published: 2008-11

Total Pages: 868

ISBN-13: 9780808019039

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Providing helpful and practical guidance on today's federal tax law, this 92nd edition of the U.S. Master Tax Guide reflects all pertinent federal taxation changes that affect 2008 returns and provides fast and reliable answers to tax questions affecting individuals and business income tax.


Energy Efficiency and Renewable Energy Legislation in the 109th Congress

Energy Efficiency and Renewable Energy Legislation in the 109th Congress

Author: Fred Sissine

Publisher: DIANE Publishing

Published: 2011

Total Pages: 79

ISBN-13: 143793935X

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This is a print on demand edition of a hard to find publication. Reviews the status of energy efficiency and renewable energy legislation introduced during the 109th Congress. Action in the second session has focused on appropriations bills; the first session focused on omnibus energy policy bill H.R. 6, H.R. 3, and several appropriations bills. Contents: (1) Intro.: Report Contents; Action in the 1st Session; Action in the 2nd Session; (2) Legislation: Public Laws; House Bills (with Senate Companions); House Bills Introduced after H.R. 6 Conference Report (July 27, 2005); Senate Bills (with House Companions); Senate Bills Introduced After H.R. 6 Conference Report (July 27, 2005); (3) Congressional Hearings, Reports, and Documents; 109th Congress: 1st Session, Second Session. CRS Reports. Illus.


Wind Vision

Wind Vision

Author: U. S. Department U.S. Department of Energy

Publisher: CreateSpace

Published: 2015-03-18

Total Pages: 46

ISBN-13: 9781508860549

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This book provides a detailed roadmap of technical, economic, and institutional actions by the wind industry, the wind research community, and others to optimize wind's potential contribution to a cleaner, more reliable, low-carbon, domestic energy generation portfolio, utilizing U.S. manu-facturing and a U.S. workforce. The roadmap is intended to be the beginning of an evolving, collaborative, and necessarily dynamic process. It thus suggests an approach of continual updates at least every two years, informed by its analysis activities. Roadmap actions are identified in nine topical areas, introduced below.


Breakdown

Breakdown

Author: Jeff Bingaman

Publisher: University of New Mexico Press

Published: 2022-10-15

Total Pages: 157

ISBN-13: 0826364152

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In his thirty-year career representing the citizens of New Mexico in the US Senate, Jeff Bingaman witnessed great things accomplished through the legislative process. He also had a front-row seat for the breakdown of governing norms and the radical increases in polarization and partisanship that now plague what was once called the world’s greatest deliberative body. Breakdown: Lessons for a Congress in Crisis traces the development of congressional dysfunction over more than three decades and provides eight case studies that examine how the crisis affects our government’s ability to meet major policy challenges. We didn’t always have a Senate that failed in its basic public obligations, including catalyzing a robust economy, confronting climate change, improving health care, fixing education, preserving public lands, and avoiding unnecessary wars. We do now. Presenting insightful analysis of the causes and consequences of the dysfunction in Congress, Breakdown shows how Congress fails at the tasks Americans expect it to perform and, more importantly, how it might begin again to succeed.