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Blog Post | November 12, 2008

Legislative Update: Extension & Renewal for Federal Energy Efficiency Tax Incentives

On October 3, 2008, the President signed the Economic Stabilization Act into law, extending many of the Energy Efficiency Tax Incentives first enacted in 2005 and creating several new opportunities for taxpayers, including new renewable energy incentives for small on-site wind and geothermal heat pumps among others. The bill pays for the energy efficiency provisions by restricting several oil and gas industry tax breaks, and tightening some provisions on the sale of stocks.

The energy efficiency provisions include:

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