Part of the U.S.’s emergency $700 billion economic rescue package offers valuable tax credits for energy efficiency and renewables, Energy Efficiency News reports.

The legislation, passed by the House of Representatives late last week, extends energy efficiency tax breaks for commercial buildings for a further five years and adds similar benefits for home improvements.

Builders of energy efficient homes will also get tax credits until the end of 2009, while manufacturers of energy efficient appliances will see their tax credits extended until the end of 2010.

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