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119-s-3722119th CongressWALLET

Lowering Home Energy Costs Act

Sponsored By: Senator Cortez Masto, Catherine [D-NV]

Introduced

Summary

Extending and restoring home energy tax credits to keep efficiency incentives in place. This bill would extend two key residential energy tax credits through December 31, 2032, and restore the prior Energy Efficient Home Improvement Credit as if the recent repeal had not happened.

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  • Homeowners: Homeowners would keep access to the Residential Clean Energy Credit through December 31, 2032 and would regain the Energy Efficient Home Improvement Credit that had been repealed, preserving tax help for home efficiency upgrades.
  • Homebuilders and new-home buyers: Builders of qualifying new energy-efficient homes would be able to claim the New Energy Efficient Home Credit through December 31, 2032, supporting construction of efficient new homes.
  • Rules and scope: The bill does not change eligibility rules, caps, or how the credits are calculated in the text provided. It only extends expiration dates and restores the previously repealed home improvement credit retroactively to the earlier law’s enactment.

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 3 benefits, 0 costs, 0 mixed.

Extend residential clean energy credit

If enacted, homeowners would be able to claim the Residential Clean Energy tax credit for qualifying equipment through December 31, 2032. The bill replaces the prior December 31, 2025 expiration with a December 31, 2032 date. The text does not change how the credit is calculated or who is eligible.

Restore home energy improvement credit

If enacted, the bill would repeal the provision that removed the Energy Efficient Home Improvement Credit and restore section 25C. The restoration would take effect as if it were included in the earlier law (Public Law 119-21). Homeowners who qualified under the earlier section 25C would have that credit available again under the restored rules.

Extend energy-efficient home credit

If enacted, eligible builders and other taxpayers would be able to claim the New Energy Efficient Home Credit for qualifying new homes. The bill would extend the credit's availability through December 31, 2032. The change only moves the expiration date. It would not change credit amounts or who qualifies.

Sponsors & CoSponsors

Sponsor

Cortez Masto, Catherine [D-NV]

NV • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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