Energy Conservation Expenditure Law and Legal Definition
Pursuant to 26 CFR 1.23-2, [Title 26. Internal Revenue; Chapter I. Internal Revenue Service, Department of the Treasury], the term energy conservation expenditure means “an expenditure made on or after April 20, 1977, and before January 1, 1986, by a taxpayer for insulation or any other energy-conserving component, or for labor costs allocable to the original installation of such insulation or other component, if all of the following conditions are satisfied:
(i) The insulation or other energy-conserving component is installed in or on a dwelling unit that is used as the taxpayer's principal residence when the installation is completed.
(ii) The dwelling unit is located in the United States
(iii) The construction of the dwelling unit was substantially completed before April 20, 1977. In the case of expenditures made with respect to the enlargement of a dwelling unit, the construction of the enlargement must have been substantially completed before April 20, 1977.”
Legal Definition list
- Energy Compensation Source (ECS)
- Energy Baseline
- Energy Audit
- Enemy’s Property
- Enemy of the United States
- Energy Conservation Expenditure
- Energy Conservation Improvement
- Energy Conservation Maintenance and Operating Procedures
- Energy Conservation Measure - ECM
- Energy Conservation Project Costs
- Energy Conservation Standard
