Country:United States
Policy status:In Force
Date Effective:1996
Policy Type:Economic Instruments>Fiscal/financial incentives>Tax relief
Policy Target:Energy Sector>Energy Efficiency / Demand Reduction, Buildings, Buildings>Residential
Agency:U.S. Department of the Treasury
Legal References:PL 104-188 Small Business Job Protection Act of 1996

The U.S. Treasury Department's Residential Energy Conservation Subsidy Exclusion, detailed in Section 136 of the IRS Code, states that energy conservation subsidies provided by public utilities, either directly or indirectly, are nontaxable: "Gross income shall not include the value of any subsidy provided (directly or indirectly) by a public utility to a customer for the purchase or installation of any energy conservation measure." Energy conservation measure include installations or modifications that are primarily designed to reduce consumption of electricity or natural gas, or improve the management of energy demand.

Last modified: Thu, 26 Jan 2017 18:41:16 CET