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An Evaluation of Tax Credits for Residential Energy Efficiency

17 Pages Posted: 27 Nov 2015  

Andre R Neveu

James Madison University - Economics Program

Molly Sherlock

Government of the United States of America - Congressional Research Service

Date Written: January 2016

Abstract

This paper evaluates tax credits for residential energy efficiency enacted by the Energy Policy Act of 2005, using taxpayer microdata and state-level data on electricity costs, climate, and other factors that might affect demand for energy efficiency. Tax credits for residential energy efficiency are found to be vertically inequitable. Taxpayers that live in states with colder winters are more likely to claim tax credits for residential energy efficiency, while taxpayers in states with higher electricity costs claim higher tax credit amounts (in dollar terms).

Suggested Citation

Neveu, Andre R and Sherlock, Molly, An Evaluation of Tax Credits for Residential Energy Efficiency (January 2016). Eastern Economic Journal, Vol. 42, Issue 1, pp. 63-79, 2016. Available at SSRN: https://ssrn.com/abstract=2696096 or http://dx.doi.org/10.1057/eej.2014.35

Andre R Neveu (Contact Author)

James Madison University - Economics Program ( email )

United States

Molly Sherlock

Government of the United States of America - Congressional Research Service ( email )

101 Independence Ave., SE
Washington, DC 20540
United States

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