To amend the Internal Revenue Code of 1986 to double the dollar limitation for the energy efficient home improvement credit with respect to heat pumps, heat pump water heaters, biomass stoves, and boilers.

This bill proposes to amend the Internal Revenue Code of 1986 by significantly increasing the financial incentive for certain energy-efficient home improvements. Specifically, it seeks to double the dollar limitation for the energy efficient home improvement credit, raising it from $2,000 to $4,000. The increased credit applies to the installation of specific technologies, including heat pumps, heat pump water heaters, biomass stoves, and boilers . By enhancing this tax credit, the legislation aims to encourage homeowners to invest in more sustainable and energy-saving heating and water heating systems. This amendment would take effect for taxable years beginning after December 31, 2024, providing a greater financial benefit for qualifying installations.