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Home Energy Savings Act of 2021

USA117th CongressHR-5187| House 
| Updated: 9/7/2021
Jimmy Gomez

Jimmy Gomez

Democratic Representative

California

Cosponsors (2)
Chris Pappas (Democratic)Earl Blumenauer (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Home Energy Savings Act of 2021 This bill extends the nonbusiness energy property tax credit through 2031 and increases the credit percentage from 10% to 30% for qualified energy efficiency improvements. The bill also imposes a $1,200 annual limitation on the credit and limits for windows and doors. The bill allows a credit for 30% of the cost of home energy audits. A home energy audit is an inspection and written report for a taxpayer's principal residence that identifies the most significant and cost-effective energy efficiency improvements and is conducted and prepared by a certified home energy auditor. The bill also requires that energy property placed in service after 2023 be produced by a qualified manufacturer and that the taxpayer includes the qualified product identification number for such property on the return of tax.
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Timeline

Bill from Previous Congress

HR 116-4506
Home Energy Savings Act
May 20, 2021

Latest Companion Bill Action

S 117-1753
Introduced in Senate
Sep 7, 2021
Introduced in House
Sep 7, 2021
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 116-4506
    Home Energy Savings Act


  • May 20, 2021

    Latest Companion Bill Action

    S 117-1753
    Introduced in Senate


  • September 7, 2021
    Introduced in House


  • September 7, 2021
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • HR 117-5376: Inflation Reduction Act of 2022
  • HR 117-5233: To amend the Internal Revenue Code of 1986 to make certain adjustments with respect to the nonbusiness energy property tax credit, and for other purposes.

Home Energy Savings Act of 2021

USA117th CongressHR-5187| House 
| Updated: 9/7/2021
Home Energy Savings Act of 2021 This bill extends the nonbusiness energy property tax credit through 2031 and increases the credit percentage from 10% to 30% for qualified energy efficiency improvements. The bill also imposes a $1,200 annual limitation on the credit and limits for windows and doors. The bill allows a credit for 30% of the cost of home energy audits. A home energy audit is an inspection and written report for a taxpayer's principal residence that identifies the most significant and cost-effective energy efficiency improvements and is conducted and prepared by a certified home energy auditor. The bill also requires that energy property placed in service after 2023 be produced by a qualified manufacturer and that the taxpayer includes the qualified product identification number for such property on the return of tax.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-4506
Home Energy Savings Act
May 20, 2021

Latest Companion Bill Action

S 117-1753
Introduced in Senate
Sep 7, 2021
Introduced in House
Sep 7, 2021
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 116-4506
    Home Energy Savings Act


  • May 20, 2021

    Latest Companion Bill Action

    S 117-1753
    Introduced in Senate


  • September 7, 2021
    Introduced in House


  • September 7, 2021
    Referred to the House Committee on Ways and Means.
Jimmy Gomez

Jimmy Gomez

Democratic Representative

California

Cosponsors (2)
Chris Pappas (Democratic)Earl Blumenauer (Democratic)

Ways and Means Committee

Taxation

Related Bills

  • HR 117-5376: Inflation Reduction Act of 2022
  • HR 117-5233: To amend the Internal Revenue Code of 1986 to make certain adjustments with respect to the nonbusiness energy property tax credit, and for other purposes.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted