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Diane Publishing Books
Residential Energy Tax Credits: Overview and Analysis
Margot L. Crandall-Hollick (au); Molly F. Sherlock (au)
Residential energy efficiency can benefit consumers through reduced utility bills, and support national environmental policy objectives by reducing the demand for electricity generated using fossil-fuels and reducing current strains on the electric power grid. Various policies to increase conservation and energy efficiency have been adopted since the 1970s, including tax incentives. Developing and deploying technologies that are consistent with the most efficient use of our nationäó»s energy resources is broadly appealing. What remains unclear, however, is what set of policy tools the federal government should employ to meet energy-efficiency objectives. In 2010, 23% of total energy consumed in the U.S. was consumed by the residential sector. Residential-sector energy use has been increasing over time, with the residential sector today consuming roughly 8% more energy in 2010 than in 2000. Residential energy use per capita, however, has remained relatively constant since the 1970s. Experts suggest that a large potential for increased energy efficiency in the residential sector remains. Contents of this report: Introduction; Current Law; The Economic Rationale for Residential Energy-Efficiency Tax Credit; Analysis of Residential Energy Tax Credits; Policy Options. This is a print on demand report.
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