December 16, 2005—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 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 to Save Energy and the American Council for an Energy Efficient Economy (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.
