Energy Bill Offers Tax Breaks

Homa Zaryouni:

After five years of trying, Congress is expected to clear an energy bill this week that provides a range of incentives for consumers to rein in energy use.
Here’s how the energy bill could affect what we buy:
• Incentives to buy fuel-efficient appliances
• Incentives to buy hybrid vehicles
• The extension of daylight-saving time
• Expanded use of ethanol as a gasoline additive
• Reliability standards for power grid (aimed at preventing blackouts)
• Incentives for installing solar power at home