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Increased Tax Credit for Combined Solar Electric and Thermal Technology.

New rules increase the tax credit for individuals installing special solar panels that generate both electricity and heat. This means citizens can receive a larger reimbursement for investing in such eco-friendly solutions for their homes. The changes aim to encourage the use of more efficient solar technologies.
Key points
Increased Tax Credit: Instead of 30%, 26%, or 22% of costs, you can now deduct 45%, 41%, or 37% respectively for installation costs.
Applies to Combined Solar Panels: The credit is only for panels that simultaneously produce electricity and heat from a single unit.
Certification Required: Panels must be certified by an independent agency, confirming their high efficiency (at least 65%).
Effective from June 1, 2022: The new rules apply to expenditures paid or incurred after this date.
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Additional Information
Print number: 117_HR_8317
Sponsor: Rep. Steube, W. Gregory [R-FL-17]
Process start date: 2022-07-07
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To amend the Internal Revenue Code of 1986 to provide an increased tax credit for combined photovoltaic and thermal technology.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8317.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-07-07.

What are the main provisions?

Key points include:

  • Increased Tax Credit: Instead of 30%, 26%, or 22% of costs, you can now deduct 45%, 41%, or 37% respectively for installation costs.
  • Applies to Combined Solar Panels: The credit is only for panels that simultaneously produce electricity and heat from a single unit.
  • Certification Required: Panels must be certified by an independent agency, confirming their high efficiency (at least 65%).
  • Effective from June 1, 2022: The new rules apply to expenditures paid or incurred after this date.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Steube, W. Gregory [R-FL-17].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Environment