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Biomass Heating Tax Credits & Residential Renewable Energy Credit Extension

This act introduces new tax credits for individuals and businesses investing in biomass heating systems, such as furnaces and boilers, that meet specific efficiency standards. It also extends the residential energy efficient property tax credit until 2028, potentially lowering the cost of installing solar panels or heat pumps in homes.
Key points
New tax credits for high-efficiency biomass heating systems (e.g., furnaces, boilers), potentially reducing purchase and installation costs.
Extension of the residential renewable energy tax credit (e.g., solar panels, heat pumps) until the end of 2028, with varying credit rates depending on the installation year.
Changes apply to expenditures made after December 31, 2020, for biomass heating and after the act's enactment date for other renewable energy installations.
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Additional Information
Print number: 117_S_1191
Sponsor: Sen. King, Angus S., Jr. [I-ME]
Process start date: 2021-04-15
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

BTU Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1191.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-04-15.

What are the main provisions?

Key points include:

  • New tax credits for high-efficiency biomass heating systems (e.g., furnaces, boilers), potentially reducing purchase and installation costs.
  • Extension of the residential renewable energy tax credit (e.g., solar panels, heat pumps) until the end of 2028, with varying credit rates depending on the installation year.
  • Changes apply to expenditures made after December 31, 2020, for biomass heating and after the act's enactment date for other renewable energy installations.
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 Sen. King, Angus S., Jr. [I-ME].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Taxes Environment