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Tax Credit for Heat Pumps: Savings and Eco-Friendly Homes

This new law introduces a tax credit for individuals installing energy-efficient air source heat pumps in their homes. This allows citizens to recover a portion of the costs associated with heating upgrades, promoting both savings and environmental protection.
Key points
You can receive a credit of up to 20% of the cost of installing a heat pump, with a maximum of $800.
The credit applies to heat pumps meeting high energy efficiency standards, installed in your primary residence.
It encourages replacing older heating systems (natural gas, propane, electric, oil) with more environmentally friendly solutions.
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Additional Information
Print number: 117_S_891
Sponsor: Sen. King, Angus S., Jr. [I-ME]
Process start date: 2021-03-23
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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

Air Source Heat Pump Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_891.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-23.

What are the main provisions?

Key points include:

  • You can receive a credit of up to 20% of the cost of installing a heat pump, with a maximum of $800.
  • The credit applies to heat pumps meeting high energy efficiency standards, installed in your primary residence.
  • It encourages replacing older heating systems (natural gas, propane, electric, oil) with more environmentally friendly solutions.
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 2025-12-29.

CATEGORIES

Taxes Environment Real Estate