Lifecycle
- Effective
- Last change
Country / jurisdiction: United States · Year: 1996 · Status: In force · Level: National · Type: Voluntary
The U.S. Treasury Departments Residential Energy Conservation Subsidy Exclusion, detailed in Section 136 of the IRS Code, states that energy conservation subsidies provided by public utilities, either directly or indirectly, are nontaxable: "Gross income shall not include the value of any subsidy provided (directly or indirectly) by a public utility to a customer for the purchase or installation of any energy conservation measure." Energy conservation measure include installations or modifications that are primarily designed to reduce consumption of electricity or natural gas, or improve the management of energy demand.
Official source: http://programs.dsireusa.org/system/program/detail/666
Source
https://www.iea.org/policies/473Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.