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In August of 2005, President Bush signed the Energy Policy Act of 2005 into law. This Act tackles several energy issues and lighting is certainly affected. The purpose of the legislation in general is to reduce energy consumption and provide tax deductions for commercial buildings installing energy efficient systems from January 1, 2006 to December 31, 2007. NEMA further estimates that the provision will generate about $500 million in additional sales of lighting systems and products alone.
The U.S. Department of Energy estimates that lighting accounts for 25 percent of all electricity consumed in the United States. An average household spends 5 to 10 percent of its energy budget on lighting, and commercial buildings can spend up to 40 percent of an entire annual electricity bill. Upgrading a facilities lighting system can be an easy way to lower energy costs and reap the benefits of the tax deductions offered by the EPAct 2005, for more information, visit www.energybillinfo.com.