Red, White, BLUE™ and Green
Energy-Efficient Tax Incentives Extended
Taxes. The topic has the potential to fire up debates ... and unite taxpayers. With the recent passing of a bill that has extended, added and amended tax incentives for implementing energy-efficiency measures in new and existing buildings, homeowners, builders and commercial building owners have good reason to unite – and celebrate.
At Dow Building Solutions, we're continually energized by our proud BLUE™ heritage. We're also proud of our role in advocacy, industry collaborations and science-based solutions that enable our customers to take advantage of tax incentives under this new legislation.
Learn more about federal tax credits for energy efficiency and what you need to do to qualify.
Stepping up to the Challenge
Reducing the Carbon Footprint
The Emergency Economic Stabilization Act of 2008 (H.R. 1424), signed into law on Oct. 3, 2008, included, extended and/or amended many consumer tax incentives originally introduced in the Energy Policy Act of 2005. The new legislation can be credited in large part to the efforts of a coalition led by Dow, Alliance to Save Energy, Manufactured Housing Institute, National Association of Home Builders, Natural Resources Defense Council, Solar Energy Industries Association, Whirlpool Corporation and other companies and associations.
1. Business Wind Credit: Extended through 2009
2. Business Solar Credit: Extended through 2016
3. Residential Solar Credit: Extended through 2016, with removal of the $2,000 cap
4. Residential Wind Credit: Added new credit, through 2016, with a $4,000 cap
5. New reduced business deduction for smart electricity meters or smart grid systems, from 20 to 10 years
6. Energy Efficient Commercial Building Deduction: Extended through 2013
7. Energy Efficient Existing Homes Credit: Extended through 2009
8. Energy Efficient New Homes Credit: Extended through 2009
9. New Qualified Energy Conservation Tax-Exempt Bonds: issued by state, local, tribal governments to fund energy conservation projects
10. Tax-Exempt Bonds for Financing Green Building and Sustainable Design Projects: Extended through 2012, with modifications
