Window, air conditioner, and insulation manufacturers are part of a coalition urging national leaders to update and reinstate energy efficiency-based tax incentives, Door and Window Market Magazine reports. The group presented Congress with a list of incentives to update and improve incentives that expired two years ago.
In a news release from the Alliance to Save Energy (ASE), the group leading the charge, the nonprofit said, “The tax incentives are aimed at reducing energy intensity in U.S. homes and buildings, which account for 40% of U.S. energy consumption, much of it wasted as a result of inefficient equipment and leaky building envelopes.”
Officials from Andersen Window and Doors, part of the coalition, suggest that any tax credit should have a start date in the future, in order for manufacturers to be able to market to consumers and drive true interest in home energy improvements.
The coalition’s proposal addresses three expired energy efficiency incentives, including:
- Section 25C Homeowner Efficiency Credit – a provision that provides a 10% tax credit (lifetime cap of $500) to homeowners for energy efficiency improvements, including envelope improvements, like insulation, and heating and cooling upgrades.
