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Tax Credits for High-Efficiency Heat Pump Manufacturers

This act introduces new tax credits for companies manufacturing high-efficiency heat pumps and heat pump water heaters. The goal is to encourage the production of more energy-efficient heating devices, potentially lowering heating costs for citizens and promoting environmentally friendly solutions.
Key points
Manufacturers of heat pumps and water heaters can receive tax credits for producing energy-efficient devices.
The credit amount varies based on the type and efficiency of the device, with higher amounts for more efficient models.
The act aims to increase the availability and potentially lower the cost of energy-efficient heating systems for consumers.
Companies producing in facilities with collective bargaining agreements may receive an additional 10% credit.
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Expired
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Additional Information
Print number: 117_S_4139
Sponsor: Sen. Klobuchar, Amy [D-MN]
Process start date: 2022-05-04
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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

HEATR Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4139.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-05-04.

What are the main provisions?

Key points include:

  • Manufacturers of heat pumps and water heaters can receive tax credits for producing energy-efficient devices.
  • The credit amount varies based on the type and efficiency of the device, with higher amounts for more efficient models.
  • The act aims to increase the availability and potentially lower the cost of energy-efficient heating systems for consumers.
  • Companies producing in facilities with collective bargaining agreements may receive an additional 10% credit.
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. Klobuchar, Amy [D-MN].

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 2025-12-29.

CATEGORIES

Taxes Environment Economy