News From Senator Joyce
For Immediate Release: March 28, 2001
Further Information: Marie Blanchard (617) 722-1643
SENATOR JOYCE FILES ENERGY TAX CREDIT BILL
Senator Brian A. Joyce recently filed a bill that will significantly reduce energy costs the installation of renewable energy systems.
Senator Joyce’s bill will increase the renewable energy tax credit to 35 percent of the installation cost, or $5,000 – whichever is less.
"I hope that this tax credit increase will encourage more people to install renewable energy systems in their homes," said Senator Joyce. "Not only does renewable energy have a much lower environmental impact than conventional energy sources but this bill is a good start in addressing the looming energy crisis. By encouraging residents to use renewable energy technology, we will lower our state’s dependence on limited energy sources."
Currently the state offers a tax credit of 15 percent or $1,000 to people who install renewable energy systems in their homes.
Renewable energy includes the installation of systems that use solar panels, or wind power to provide electricity to homes.
For more information on the renewable energy tax credit please call Senator Joyce at 617-722-1643 or e-mail him at [email protected].