Home Energy Savings Act

Summary

Home Energy Savings Act This bill reinstates and extends through 2028 the tax credit for nonbusiness energy property. It increases the rate of such credit from 10% to 15% and raises the lifetime cap on such credit from $500 to $1,200. The bill increases credit amounts for the investment in energy efficient building property (e.g., electric heat pump water heater, electric heat pump, central air conditioner, or natural gas, propane, or oil water heater) and provides for increased caps on investment in doors and windows in a residence.

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Timeline

1. 20 May 2021

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 20 May 2021

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 20 May 2021 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 20 May 2021

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 20 May 2021

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 20 May 2021

  Open at official source

Sponsors

• Maggie Hassan · D · Sponsor
• Susan Collins · R · Sponsor
• · ssfi00 · Standing

Related records

• related to ← Home Energy Savings Act