Bill > S1462

This bill proposes to allow businesses to deduct half of the costs they incur when providing employees with home energy efficiency audits as a benefit of employment. This deduction would apply to expenditures made for the combined services of an energy auditor, who identifies energy loss in a home, and a home contractor who implements efficiency measures. These measures are defined by "Level 1" standards from the Residential Energy Services Network (RESNET), an organization associated with the National Association of State Energy Officials. To qualify for this deduction, at least half of the expenses for these combined services must be part of an energy efficiency plan that has been approved by the department of public utilities. This change is intended to encourage businesses to invest in their employees' home energy efficiency, potentially leading to reduced energy consumption and costs.