(Philadelphia, PA – November 3, 2006) – Thanks to a change in the Internal Revenue Code, qualified homeowners may now be able to reduce their Federal income taxes – and save on their energy bills, too.

The Energy Policy Act of 2005 provides a 10 percent credit for qualified improvements that you may make on your home to reduce your energy usage.

“We are strongly encouraging our customers to take full advantage of these energy-saving, tax-saving measures that can help reduce their gas bills” said Doug Oliver, Director of Corporate Communications for the Philadelphia Gas Works (PGW).

“It should be noted that there are no income limitations to qualify for the tax credit, however, the energy saving items must be installed in a homeowner’s primary residence and must be installed by January 1, 2008,” Oliver said.

The following items are examples of the type of improvements that may be eligible for the tax credit:

o Insulation products
o Exterior windows (including skylights)
o Exterior doors and metal roofs (meeting applicable Energy Star requirements)

The maximum credit for all taxable years is $500 – no more than $200 of the credit can be attributable to expenses for windows. Information on eligible energy-saving improvements and the requirements of this program are available on the Internal Revenue Service Web site at www.irs.gov (keyword search: Energy Policy Act of 2005).

Founded in 1836, PGW is the nation’s largest municipally owned natural gas utility, serving more than a half million residential, commercial, and industrial customers in the City of Philadelphia.