|
The Energy Policy Act (EPAct2005) is described by proponents as an attempt to combat growing energy problems. By doing so it has changed the energy policy of the United States by providing tax incentives and loan guarantees for energy production of various types.
-The most common qualifying projects are in the lighting area. Industrial spaces such as Manufacturing, Warehouse and Distribution Centers are typically lit with 400W Metal Halide fixtures. These fixtures are commonly being upgraded with Hi-Bay Fluorescent fixtures that can cut energy use in half as well as qualify the building for tax deductions.
-Loan Guarantees for "innovative technologies" that avoid greenhouse gases, encouraging advanced nuclear reactor designs, as well as clean coal and renewable energy.
-Authorizes and adds capabilities for wind energies, ocean energy sources, and geothermal energy sources.
-Provides tax breaks for those making energy conservation improvements to their homes.
|
