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Home Energy Tax Credits Extended and Increased for Efficiency Upgrades

This bill aims to make it easier for citizens to invest in energy-efficient home improvements. It proposes extending and increasing the tax credits available for such expenses, potentially helping reduce energy bills and upgrade costs.
Key points
The tax credit for energy-efficient home improvements will be extended through the end of 2031.
The amount of the tax credit will increase from 10% to 30% of qualified improvement costs.
An annual credit limit of $1,200 will be introduced, replacing the previous lifetime limit.
A new tax credit will be available for 30% of the cost of a home energy audit, with a $150 annual limit.
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Additional Information
Print number: 117_HR_5187
Sponsor: Rep. Gomez, Jimmy [D-CA-34]
Process start date: 2021-09-07