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Home Energy Savings Act

USA117th CongressS-1753| Senate 
| Updated: 5/20/2021
Margaret Wood Hassan

Margaret Wood Hassan

Democratic Senator

New Hampshire

Cosponsors (1)
Susan M. Collins (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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

Bill from Previous Congress

S 116-2588
Home Energy Savings Act
May 20, 2021
Introduced in Senate
May 20, 2021
Read twice and referred to the Committee on Finance.
Sep 7, 2021

Latest Companion Bill Action

HR 117-5187
Introduced in House
  • Bill from Previous Congress

    S 116-2588
    Home Energy Savings Act


  • May 20, 2021
    Introduced in Senate


  • May 20, 2021
    Read twice and referred to the Committee on Finance.


  • September 7, 2021

    Latest Companion Bill Action

    HR 117-5187
    Introduced in House

Taxation

Related Bills

  • HR 117-3395: Home Energy Savings Act
Energy efficiency and conservationIncome tax creditsLighting, heating, coolingResidential rehabilitation and home repair

Home Energy Savings Act

USA117th CongressS-1753| Senate 
| Updated: 5/20/2021
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.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

S 116-2588
Home Energy Savings Act
May 20, 2021
Introduced in Senate
May 20, 2021
Read twice and referred to the Committee on Finance.
Sep 7, 2021

Latest Companion Bill Action

HR 117-5187
Introduced in House
  • Bill from Previous Congress

    S 116-2588
    Home Energy Savings Act


  • May 20, 2021
    Introduced in Senate


  • May 20, 2021
    Read twice and referred to the Committee on Finance.


  • September 7, 2021

    Latest Companion Bill Action

    HR 117-5187
    Introduced in House
Margaret Wood Hassan

Margaret Wood Hassan

Democratic Senator

New Hampshire

Cosponsors (1)
Susan M. Collins (Republican)

Finance Committee

Taxation

Related Bills

  • HR 117-3395: Home Energy Savings Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Energy efficiency and conservationIncome tax creditsLighting, heating, coolingResidential rehabilitation and home repair