Home Energy Savings Act
- Last Action
- 5/20/2021
Actions
- 2021-05-20Referred to the House Committee on Ways and Means.
- 2021-05-20Introduced in House
- 2021-05-20Introduced in House
CRS Summary
As of 2021-05-20 (00)
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.
Subjects
- Energy efficiency and conservation
- Income tax credits
- Lighting, heating, cooling
- Residential rehabilitation and home repair
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.