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119-s-2681119th CongressWALLET

Lowering Electric Bills Act

Sponsored By: Senator Schumer, Charles E. [D-NY]

Introduced

Summary

Extends key clean-energy tax credits and changes when producers and investors qualify. The bill would extend the Residential Clean Energy Credit through calendar year 2034 and revise the Clean Electricity Production and Clean Electricity Investment credits to tie their applicable years to an emissions benchmark or to 2032.

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  • Families and homeowners: Homeowners who install qualifying residential clean energy systems would have more time to claim the Residential Clean Energy Credit, now available through 2034.
  • Electricity producers and developers: The Clean Electricity Production Credit’s applicable year would be the later of meeting a 25% emissions benchmark or 2032, which changes when new projects become eligible.
  • Clean energy investors and projects: The Clean Electricity Investment Credit is streamlined by removing certain timing restrictions and subsections, altering how investment projects determine their applicable year.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Longer clean energy tax credit for homeowners

If enacted, this bill would extend the Residential Clean Energy tax credit through December 31, 2034. Homeowners who install qualifying residential clean energy property by that date would be able to claim the credit. The change would take effect as if included in section 70506 of Public Law 119-21.

New timing for electricity producer credit

If enacted, this bill would change when electricity producers can use the Clean Electricity Production Credit. It would define the applicable year as the later of the year U.S. electricity emissions fall to 25% of 2022 levels, or 2032. The bill would also remove a prior timing restriction and strike subsection (h). The change would take effect as if included in section 70512 of Public Law 119-21.

Sponsors & CoSponsors

Sponsor

Schumer, Charles E. [D-NY]

NY • D

Cosponsors

  • Sen. Wyden, Ron [D-OR]

    OR • D

    Sponsored 8/2/2025

  • Sen. Warner, Mark R. [D-VA]

    VA • D

    Sponsored 8/2/2025

  • Sen. Cantwell, Maria [D-WA]

    WA • D

    Sponsored 8/2/2025

  • Sen. Bennet, Michael F. [D-CO]

    CO • D

    Sponsored 8/2/2025

  • Sen. Schatz, Brian [D-HI]

    HI • D

    Sponsored 8/2/2025

  • Sen. Durbin, Richard J. [D-IL]

    IL • D

    Sponsored 8/2/2025

  • Sen. Duckworth, Tammy [D-IL]

    IL • D

    Sponsored 8/2/2025

  • Sen. Reed, Jack [D-RI]

    RI • D

    Sponsored 8/2/2025

  • Sen. Hickenlooper, John W. [D-CO]

    CO • D

    Sponsored 8/2/2025

  • Sen. Gallego, Ruben [D-AZ]

    AZ • D

    Sponsored 8/2/2025

  • Sen. Blumenthal, Richard [D-CT]

    CT • D

    Sponsored 8/2/2025

  • Sen. Van Hollen, Chris [D-MD]

    MD • D

    Sponsored 8/2/2025

  • Sen. Kim, Andy [D-NJ]

    NJ • D

    Sponsored 8/2/2025

  • Sen. Warren, Elizabeth [D-MA]

    MA • D

    Sponsored 8/2/2025

  • Sen. Gillibrand, Kirsten E. [D-NY]

    NY • D

    Sponsored 8/2/2025

  • Sen. Klobuchar, Amy [D-MN]

    MN • D

    Sponsored 8/2/2025

  • Sen. Shaheen, Jeanne [D-NH]

    NH • D

    Sponsored 8/2/2025

  • Sen. Rosen, Jacky [D-NV]

    NV • D

    Sponsored 8/2/2025

  • Sen. Padilla, Alex [D-CA]

    CA • D

    Sponsored 8/2/2025

  • Sen. Booker, Cory A. [D-NJ]

    NJ • D

    Sponsored 8/2/2025

  • Sen. Kelly, Mark [D-AZ]

    AZ • D

    Sponsored 8/2/2025

  • Sen. Smith, Tina [D-MN]

    MN • D

    Sponsored 8/2/2025

  • Sen. King, Angus S., Jr. [I-ME]

    ME • I

    Sponsored 8/2/2025

  • Sen. Hirono, Mazie K. [D-HI]

    HI • D

    Sponsored 8/2/2025

  • Sen. Murray, Patty [D-WA]

    WA • D

    Sponsored 8/2/2025

  • Sen. Markey, Edward J. [D-MA]

    MA • D

    Sponsored 8/2/2025

  • Sen. Slotkin, Elissa [D-MI]

    MI • D

    Sponsored 8/2/2025

  • Sen. Coons, Christopher A. [D-DE]

    DE • D

    Sponsored 8/2/2025

  • Sen. Whitehouse, Sheldon [D-RI]

    RI • D

    Sponsored 8/2/2025

  • Sen. Alsobrooks, Angela D. [D-MD]

    MD • D

    Sponsored 8/2/2025

  • Sen. Blunt Rochester, Lisa [D-DE]

    DE • D

    Sponsored 8/2/2025

  • Sen. Merkley, Jeff [D-OR]

    OR • D

    Sponsored 8/2/2025

  • Sen. Ossoff, Jon [D-GA]

    GA • D

    Sponsored 8/2/2025

  • Sen. Baldwin, Tammy [D-WI]

    WI • D

    Sponsored 9/3/2025

  • Sen. Welch, Peter [D-VT]

    VT • D

    Sponsored 9/3/2025

  • Sen. Kaine, Tim [D-VA]

    VA • D

    Sponsored 9/3/2025

  • Sen. Luján, Ben Ray [D-NM]

    NM • D

    Sponsored 9/3/2025

  • Sen. Fetterman, John [D-PA]

    PA • D

    Sponsored 9/3/2025

  • Sen. Heinrich, Martin [D-NM]

    NM • D

    Sponsored 9/15/2025

Roll Call Votes

No roll call votes available for this bill.

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