Energy Conservation Tax Incentive Act of 1980

[AI summary unavailable — showing source text] Energy Conservation Tax Incentive Act of 1980 - Title I: Residential Energy Credit - Amends the Internal Revenue Code to eliminate the requirement that limits tax credits for energy conservation expenditures to expenditures made with respect to the taxpayer's principal residence. Extends the residential energy credit to landlords. Permits the allocation of the energy credit among joint owners. Increases the residential energy credit for conservation expenditures to 30 percent of such expenditures up to a maximum of $4,000. Allows a residential energy credit for: (1) a heat pump which replaces an electric resistance space or water heating system or is used as a back-up system for a solar hot water heater; (2) an airtight woodburning stove; (3) a replacement oil or gas furnace or boiler which meets specified energy efficiency standards; (4) a replacement coal furnace or boiler which is part of a central heating system; (5) an evaporative cooling device; and (6) a replacement item which is at least 15 percent more efficient than the item it replaces. Increases the residential energy credit for renewable energy sources expenditures (solar and wind energy) to 50 percent of such expendit…