When did we start giving tax breaks for renewable energy?



  1. 0 Votes

    In 1978, Congress passed the Energy Tax Act (ETA) (Public Law 9-618) which provided tax credits to homeowners who invested in solar or wind energy, or energy conservation. The act was in response to the oil crises of the 1970s (caused by embargos from OPEC in the Middle East) which had drastically reduced America’s oil supply and driven oil prices to new highs.

    “A federal energy tax credit of up to $2,000 was given for devices installed on people’s homes on or after April 20, 1977 and before January 1, 1986. Solar space and water heating carried a 40% tax credit, while weatherization, insulation, and similar conservation activities carried a 15% tax credit.”

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