EPAct2005
In August of 2005, the 2005 Energy Policy Act (EPAct
2005) was signed into law, setting policy standards and
incentives for a more energy-effieient America. EPAct
2005 addresses a broad range of issues ranging from the
generation, transmission and distribution of electrical
energy to the consumption and efficiency of end user
products.
Enhanced capacity, efficiency, and reliability of the
interstate electric transmission grid is addressed by
EPAct 2005 as well as setting new energy efficiency goals
for Federal buildings.
Of particular note and importance to building owners and
managers is the establishing of new financial incentives
that reward the use of energy-effieient lighting, HVAC,
hot water, and building envelope systems. The incentives
apply to both new construction and retrofit
installations. The incentives are in the form of a
one-time tax deduction, with up to $.60 per square foot
being allowed for each single-system improvement meeting
the requirements. The requirements consist of specific
reductions in energy usage with the ASHRAE 90.1-2001
standards being the basis from which improvement is
measured.
The incentives put in place by EPAct 2005 are currently
for systems installed and improvements made between
January 1, 2006 and December 31, 2007. Therefore, it is
very important to get an immediate start on assessing the
merits of energy-efficiency improvement projects. ANCO
Associates, along with several of our Strategic Alliance
Partners are prepared to offer immediate assistance in
facility evaluation. An initial evaluation can be quickly
made, resulting in the identification of possible areas
of improvement that will result in qualifying for these
incentives. Our assessments also address the magnitude of
ongoing energy cost reduction opportunities as well as
the cost of implementing them. We urge you to contact
ANCO Associates very soon for an initial discussion of
how you can take advantage of these EPAct 2005
incentives, as they are currently scheduled to be in
effect for a very short period of time.