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How Legislation Affects Energy Efficiency: Rebates and Tax Incentives

November 26th, 2013 | Posted by EnergyEarth in Green Tips

Why Energy Efficiency is Important

The average household spends more than $2,200 each year on energy bills – that’s a big portion of each paycheck. We rely on electricity to power lights, appliances and other electronics every day. As we use more electricity, naturally, our electric bills rise. In turn, fossil-fueled power plants not only generate more electricity, but also create more pollution. The continued reliance on and depletion of fossil-fuel resources threatens the earth’s sustainability, not to mention our wallets’ in these tough economic times. Products such as green lighting, energy saving power strips, energy monitoring devices and programmable thermostats (just to name a few) protect the Earth’s precious resources while saving you money.

Legislation in the US

Legislation that leads to energy efficiency is tricky business. It needs to save energy and preserve or create jobs, all while making economic sense. Since some of these things can often be mutually exclusive, it’s no surprise that the most recent legislation (2009) is the first to hit the Senate in over sixteen years.

How Legislation Affects Energy Efficiency: Rebates and Tax Incentives {The Dirt on Green}

History

  • The Energy Policy and Conservation Act of 1975 established programs to promote energy conservation in federal buildings and major U.S. industries.
  • The Energy Conservation and Production Act of 1976 went one step further by including incentives for conservation and renewable energy, providing loan guarantees for energy conservation in public and commercial buildings and authorizing a weatherization program for low-income housing.
  • The Warner Amendment of 1983 allocated oil overcharge funds (also known as Petroleum Violation Escrow or PVE funds) to state energy programs, becoming quite substantial  in 1986 when Exxon and Stripper Well settlements added more than $4 billion.
  • The State Energy Efficiency Programs Improvement Act of 1990 encouraged states to undertake activities designed to improve efficiency and stimulate investment in and use of alternative energy technologies.
  • The Energy Policy Act (EPAct) of 1992 allowed Department of Energy funding to be used to finance revolving funds for energy efficiency improvements in state and local government buildings because of the crucial role they play in regulating energy industries and promoting new energy technologies. The EPAct also expanded the policy development and technology deployment role for the states.
  • The American Recovery and Reinvestment Act of 2009 provided $3.1 billion for State Energy Program formula grants with no matching fund requirements.

How Legislation Affects Energy Efficiency: Rebates and Tax Incentives {The Dirt on Green}

Current

Electric utility energy efficiency programs have grown continuously and rapidly, totaling $4.6 billion in 2010.

Coming Soon

The Energy Savings and Industrial Competitiveness Act is meant to spur the use of energy efficiency technologies in the residential, commercial and industrial sectors by bringing together many energy efficiency measures, like improving building codes, efficient products incentives and research and development funding for energy efficient technologies.

How Legislation Affects Energy Efficiency: Rebates and Tax Incentives {The Dirt on Green}

Where Do I Find Information About Tax Incentives and Rebates?

Here are a few of our favorite databases for finding tax rebates and incentives:

Or, look for rebates and incentives by state (we’re still compiling this list, so if you don’t see your state or power provider, check the above links):

Arizona

California

Colorado

Connecticut

Delaware

Florida

Georgia

Hawaii

Idaho

Illinois

Indiana

Iowa

Kansas

Kentucky

Maine

Maryland

Massachusetts

Michigan

Minnesota

Nevada

New Hampshire

New Jersey

New York

North Carolina

Ohio

Oregon

Pennsylvania

Rhode Island

South Carolina

South Dakota

Texas

Utah

Vermont

Washington

Wisconsin

Wyoming

Do you know of any we missed? Include a link in the comments and we’ll add it to the list!

—The EnergyEarth Team

© 2013 Energy Earth LLC. All Rights Reserved.

Sources:

http://www1.eere.energy.gov/wip/sep_history.html

http://www.meede.org/wp-content/uploads/01.2013_The-History-of-Energy-Efficiency.pdf

http://www.nga.org/files/live/sites/NGA/files/pdf/2013/1309_An_Energy_Efficiency_Primer_For_Governors_Paper.pdf

http://www.energystar.gov/ia/partners/downloads/2012_ENERGY_STAR_Summary_of_Lighting_Programs.pdf

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