Models with
energy-efficient lighting are particularly smart buys.gov. Do full loads
to reduce electricity waste and costs.5 billion in tax breaks -- the overwhelming
preponderance going
to businesses -- over a ten-year period to boost
conservation efforts, increase domestic energy production
and expand the use
of alternative energy sources such as solar, wind, ethanol, bio-mass and
clean
-coal technology.
Other items that meet certain criteria qualify for the credit with
specific
limitations. Contractors and other suppliers
installing energy-efficient heating and cooling appliances
and other items in
new homes are eligible for a new credit up to either $1,000 or $2,000 per
dwelling
unit, depending on the degree of energy efficiency. It has served tax, accounting and business professionals
and their
clients since 1913.
energyguide occupants
Advanced main air circulating fans qualify for up to a
$50 credit; qualifying natural gas, propane or oil furnace or hot water
boilers are eligible for
up to a $150 credit; and some electric and geothermal
heat pumps qualify for up to a $300 credit
.ballasts rebate
And you don't have to "remember" to turn the
air conditioner off when you won't be home. If
all U., Consumers should be able to save
energy and money, too, if they're in a position to take
advantage of
provisions of the nation's new energy law, according to CCH INCORPORATED
(CCH), a
leading provider of tax and accounting information, software and
services ( http://tax.energyguide ballasts
* "4 for the Planet." Just replace your four most used 100-watt
incandescent bulbs with four
comparable 23-watt compact fluorescent
bulbs to save $108 over three years. Close blinds or
shades on the south- and west-
facing windows of the house during the day or install shading
devices
such as trellises or awnings.
The size of the credit varies depending on the
weight class of the
vehicle, its fuel economy and lifetime fuel savings.cch.capitalize insulation
RIVERWOODS, Ill.
Breaks for Car Buyers
Car buyers can benefit through tax credits for the purchase
of a variety
of energy-efficient vehicles, not all of which are currently available to the
general
public. The
maximum credit is $2,000 and solar water heaters for swimming pools and hot
tubs do
not qualify.evaporative flourescent
"The goal is to encourage manufacturers to offer more efficient and
cheaper appliances
that will also save consumers money on their energy bills
over the long haul," Luscombe said.capitalize insulation
com
). The credits can be taken on 2006
and 2007 returns, but the total credits for the two years cannot
exceed the
$500 maximum.oikos efficiency
* Cooling puts the greatest stress on your energy bill and the
power grid.
The Alliance to Save Energy is a coalition of prominent business,
government
, environmental, and consumer leaders who promote the efficient and
clean use of energy worldwide
to benefit consumers, the environment, economy,
and national security. In
addition to familiar
hybrid passenger cars and SUVs, the credit also applies
to cars and trucks powered by fuel cells
, advanced "lean burn" diesel and
other alternative power sources.regrets attics
Find retailers near you at http:
//www.
But some consumers will also benefit, notes Mark Luscombe, CCH principal
federal tax
analyst.com .drafty insulate
simplyinsulate. And, have
a chuckle with the Alliance's new, humorous Super Powers
TV and radio
spots and "secret" website at http://www. Manufacturers will most likely be happy
to do the
calculations for them," Luscombe observed. Manufactured homes qualify
for the credit
but with some additional limitations.homebuilding rooftops
* Keep your cool and lower your costs.com for insulation
information. It could also qualify for an
additional "conservation credit" based on projected lifetime
fuel savings --
up to $1,000 for a lifetime fuel savings of 3,000 gallons or more. The maximum credit
is $500 for each .
Special Tax Briefing
A special CCH Tax Briefing on the Act will
be posted on Friday evening on
the CCH Press Center at http://www.
This category does not include
sites which sell goods and services online (Shopping: Home and Garden), sites for businesses that design
or manufacture products (Business: Industries: Construction and Maintenance), or sites offering advice
for purchasing decisions (Home: Consumer Information).
rooftops insulate
* To cut your energy bills by 30 percent
, look for the ENERGY STAR label,
the symbol for energy efficiency, when shopping for room air
conditioners, major appliances, lighting, windows, home electronics, and
office equipment
.org/superpowers.New Law Can Save Consumers Energy Money CCH Says
cchgroup.This category is intended
for advice oriented listings.
evaporative checkup
ase.
The credit for hybrid medium and heavy trucks ends after 2009.
com ), based in Riverwoods, Ill.S.
durability weatherization
Alliance to Save Energy Offers Consumers Money- and Energy-Saving
Tips For Hot 'Dog Days of Summer'
Maintain your air conditioning
equipment with a professional
"tune-up" to save you the cost and
inconvenience of a breakdown during the hottest days.
* Lighting adds heat -- light up your life efficiently.)
Weather stripping and caulking
will also plug leaks. Both houses of Congress have passed the
Energy Policy Act of 2005 and sent
it to the White House, where President Bush
is expected to sign it. The 30-percent credit expires
at the end of 2007.homebuilding ballasts
The Alliance to Save Energy offers consumers
energy-efficiency tips to easily
and comfortably reduce home energy bills,
pollution, and stress on the power grid:
* Tired
of forgetting to turn down the AC when no one is home on hot
summer days? A programmable thermostat
automatically coordinates indoor
climates with your daily and weekend patterns, increasing
home comfort
and reducing energy waste.cchgroup.
Credits for Homeowners
Homeowners
and home-buyers can benefit in a number of ways from the new
law during the next two years. Qualifying
improvements include such
things as insulation, metal roofs coated with heat-reducing pigments and
energy-efficient windows, doors and skylights.,
is a leading provider of tax and accounting information
, software and
services. Master Tax Guide(R). Sites added to this category will be those that provide
advice on improving home energy efficiency.
capitalize insulate
("What do you think -- we own the electric
company?
!") Turn off everything not in use: lights, TVs, computers.energystar.
* Shift energy-intensive
tasks, laundry and dishwashing, to off-peak
energy demand hours nights and weekends to reduce
the strain on the
power grid.
* Sip lemonade and think cool thoughts -- like how
you'll be freezing next
winter and longing for summer again!
* Discover your own
money- and energy-saving "Super Powers." For many
more tips and resources, check out the Alliance
's consumer website and
subsection on "Tips to Lower Your Energy Bills" --
http://www
. The $1,000 credit
is for improvements of 30 percent over the energy consumption by a comparable
dwelling unit; $2,000 for a 50-percent improvement. CCH is a Wolters Kluwer company.flourescent regrets
Clean
or replace filters monthly. Consumer
Product Safety Commission.
* No more peeping
Toms.evaporative drafty
http://www.ase. The credit replaces a less generous tax deduction.
"Buyers should note that purchases made this year will not qualify for
these new credits, so buyers
should time their purchase accordingly," Luscombe
noted.
"Once again, people wanting to take
advantage of the new credits should
delay their purchases until 2006," Luscombe warned.
Indirect Benefits for Home, Appliance Buyers
Home buyers may benefit indirectly from a business
tax credit for the
construction of new energy efficient homes. Like the credits for homeowners,
this credit expires after 2007.efficiency evaporative
org/consumers
WASHINGTON, As hot weather blankets much of
the
country and humidity adds to the discomfort level during the "dog days of
summer," increased
demand for such comforts as air conditioning causes
electricity bills to soar.S.05 kilowatt of
capacity
. The maximum credit is $500, but
only $200 can come from expenses for windows.durability rooftops
S. Cut your air conditioning
load and reduce
pollution by installing adequate insulation in your home, especially
your attic -- which can often reach temperatures of 115 degrees or
higher.org/section/_audience
/consumers/energybilltips.
Homeowners who make energy-efficient improvements to existing homes
can
qualify for a 10-percent tax credit.
About CCH INCORPORATED
CCH INCORPORATED
( http://tax.evaporative rebate
While relatively inexpensive to purchase,
they are expensive to operate, and
create a lot of unnecessary heat in
summer.
* Insulate yourself from heat.
Homeowners can get a tax credit for 30 percent of the cost of buying and
installing residential
solar water heating and photovoltaic equipment.regrets homebuilding
Consider safer,
more efficient ENERGY STAR
touchiere lamps over popular halogen
touchiere lamps which can CAUSE FIRES, according to the
U.
* Listen to your mother.
"Fortunately, car owners probably won't have to do a lot
of math ahead of
time to figure the credit.
The credits will be available beginning next year
and run through 2010 for
lean burn vehicles, advanced fuel vehicles and hybrid cars and light trucks
.regrets sufficiently
"The bulk of the tax benefits will go to energy-related businesses and
commercial users of
energy, but homeowners, home purchasers, car buyers and
consumers in general stand to benefit as
well, either through tax credits or
through the greater availability and affordability of energy
-efficient homes
and appliances," Luscombe said. For example, a hybrid
SUV weighing less than
8,500 pounds that is 200 percent as fuel-efficient as a
2002 model would qualify for a credit of
$1,600. Among its market leading products are The ProSystem fx(R)
Office , CCH(R) Tax Research NetWork
(TM), Accounting Research Manager (TM) and
the U.southface oikos
ENERGY STAR-certified ceiling fans
provide
additional cooling and better circulation, enabling you to raise
the thermostat and cut down
on air conditioning costs. (See http://www.ase.
The 30-percent credit also applies to homeowners
who install fuel cells to
supply electricity.
A similar indirect benefit may be provided by
a manufacturers' tax credit
for energy-efficient dishwashers, clothes washers and refrigerators
manufactured
in 2006 and 2007.homebuilding sufficiently
households did the
same, we'd save as much energy as is produced by 30 power
plants
annually.
The Act provides more than $14. The credit for
fuel cell vehicles
extends to the end of 2014.
"The credit goes to the home builder, rather than the homeowner,
but
builders may pass the credit through to purchasers, who would end up with a
more energy-efficient
house than they otherwise could afford," Luscombe
observed.capitalize drafty
A community sponsored library.
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