Energy Policy Act 2005: US Benefits

This report analyzes the Energy Policy Act of 2005, focusing on its two major provisions: energy efficiency and renewable energy, and tax incentives for energy. It discusses how these provisions have helped the United States meet its energy goals by establishing energy efficiency standards, labeling rules, and water-use standards, as well as providing tax incentives for domestic energy production and energy efficiency. The report concludes that these measures have significantly contributed to the United States' ability to manage energy costs and promote renewable energy sources.

Energy Policy Act 2005 and its benefit to United States
Energy

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Table of Contents
Introduction.................................................................................................................................................2
Major provisions of the Act.........................................................................................................................2
Provision of Energy Efficiency and Renewable Energy..............................................................................2
Provisions of Tax Incentives on energy.......................................................................................................2
Conclusion- How these provisions helped the United States?.....................................................................2
References...................................................................................................................................................4

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Introduction
In this paper, we are going to discuss the two most essential provisions laid down by the Energy
Policy Act 2005 and how it helped the United States to meet its goal of energy use.
Major provisions of the Act
The Energy Policy Act of 2005 was signed on August 8, 2005, by Bush and was the first energy
legislation enacted in the country dealing with energy use. The two most significant provisions
related to energy use under this policy are:
1. Energy Efficiency and Renewable Energy, and
2. Tax Incentives for energy
Provision of Energy Efficiency and Renewable Energy
This provision focusses on establishing laws related to energy efficiency standards, labeling
rules, and water-use standards, for a variety of products. A few efficiency standards are given
under the law, whereas a few are to be determined by DOE (Mark, 2006).
Provisions of Tax Incentives on energy
This provision has provided tax incentives for the use of energy which has encouraged domestic
energy production and energy efficiency.
Conclusion- How these provisions helped the United States?
It can be concluded that these two provisions have helped the United States in meeting its goal of
energy use as the provision of energy efficiency and renewable energy has focused on the federal

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government's own energy efficiency and water consumption range by which the United States is
able to treat its energy costs in the federal budget and also the procurement processes which has
enabled it to meet the specific requirements for upgrading equipment in congressional office
buildings. And on the other hand the provision of tax incentives on energy has provided tax
incentives of $14.5 billion over 11 years are provided which include $1.3 billion for energy
efficiency and conservation, t $4.5 billion for renewable energy, $2.6 billion as oil and gas
incentives, $3.0 billion for coal, and $3.0 billion as electricity incentives which has definitely
helped the United States to meet its goal of energy use.

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References
Mark Holt and Carol Glover, (2006). Retrieved, from
http://www.circleofblue.org/wp-content/uploads/2010/08/CRS-Summary-of-Energy-Policy-Act-
of-2005.pdf