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Energy Policy Act of 2005 Saves Me $500

Posted By Jim On 08/28/2006 @ 6:13 pm In Government,The Home | 1 Comment

Thank Congress for passing the Energy Policy Act of 2005 (EPACT) which, among many other things, offered homeowners a 10% tax credit for energy saving renovations to their homes. I looked at EPACT when it was first passed [3] because I knew somewhere down the road I’d need to replace my windows and sliding doors.

If you are replacing your windows, you can receive a 10% tax credit up to $200 for the job if the windows meet 2000 IECC & Amendments specifications. If you are replacing exterior doors, which sliding doors count as, then your cap is raised to $500. The quote of $6500 for the whole job means I’ll be able to claim a tax credit of $500, reducing the job to a mere $6000. (it’s still scary)

For that tax credit and an explanation of the others, visit the official Dept. of Energy website on EPACT [4].

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[2] Email: mailto:?subject=http://www.bargaineering.com/articles/energy-policy-act-of-2005-saves-me-500.html

[3] looked at EPACT when it was first passed: http://www.bargaineering.com/articles/tax-credit-for-energy-saving-home-improvements.html

[4] official Dept. of Energy website on EPACT: http://www.energy.gov/taxbreaks.htm

Thank you for reading!