Energy Bill

On October 3rd, 2008 President Bush signed into law H.R. 1424, the Emergency Economic Stabilization Act of 2008, which contains new and renewed tax incentives for consumers and businesses for energy-efficient homes and commercial buildings, equipment, and vehicles. The incentives originally enacted as part of the Energy Policy Act of 2005 encourage highly efficient commercial buildings, new homes, home improvements, heating and cooling equipment, appliances, and hybrid and diesel vehicles.

Simply passing a law isn’t enough; the energy bill needs to be backed by dollars to produce its desired effect. Read about key federal energy programs that need more funding.

The President signed into law the most sweeping energy efficiency legislation ever enacted on December 19, 2007. H.R. 6, The Energy Independence and Security Act of 2007, is projected to save American consumers and businesses more than $400 billion through 2030, and will reduce energy consumption by 7% and greenhouse gas emissions by 9% from the forecast for 2030, according to the American Council for an Energy Efficient Economy.

The Energy Policy Act of 2005 included significant changes to the regulation of electricity in America. Read about some of the new policies that encourage energy efficiency in the utility sector.

Click above to view the timeline for implementation for all titles of the energy bill.