arrow_back Back to App

Home Energy Tax Credits: Increased Savings and Broader Coverage

This act increases and expands tax credits for homeowners who invest in energy-efficient home improvements. This means you could get more money back for installing new windows, doors, insulation, or heating systems, potentially lowering your energy bills and reducing upfront costs.
Key points
Increases the tax credit from 10% to 15% of qualified energy-efficient home improvement costs.
Raises the overall credit limit from $500 to $1,200 annually, allowing for greater savings.
Introduces new specific limits for improvements like windows (up to $600), doors (up to $500), and insulation (up to $600).
Expands the list of eligible products to include new technologies like heat pumps and certain ventilation systems, and includes labor costs.
Extends the tax credit program until December 31, 2028, providing more time to plan investments.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_3395
Sponsor: Rep. Gomez, Jimmy [D-CA-34]
Process start date: 2021-05-20