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Double Tax Credit for Energy-Efficient Home Improvements

This bill doubles the tax credit for certain energy-efficient home improvements. This means if you plan to purchase a heat pump, heat pump water heater, biomass stove, or boiler, you could receive a larger tax refund. The change aims to encourage investment in more environmentally friendly heating solutions for homes.
Key points
The maximum tax credit for heat pumps, heat pump water heaters, biomass stoves, and boilers increases from $2,000 to $4,000.
The changes apply to taxable years beginning after December 31, 2024, meaning they will be effective for 2025 tax filings.
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Introduced
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Additional Information
Print number: 119_HR_616
Sponsor: Rep. Gottheimer, Josh [D-NJ-5]
Process start date: 2025-01-22
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To amend the Internal Revenue Code of 1986 to double the dollar limitation for the energy efficient home improvement credit with respect to heat pumps, heat pump water heaters, biomass stoves, and boilers.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_616.

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 2025-01-22.

What are the main provisions?

Key points include:

  • The maximum tax credit for heat pumps, heat pump water heaters, biomass stoves, and boilers increases from $2,000 to $4,000.
  • The changes apply to taxable years beginning after December 31, 2024, meaning they will be effective for 2025 tax filings.
What is the specific legal status?

The current status is Introduced.

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. Gottheimer, Josh [D-NJ-5].

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 2025-12-23.

CATEGORIES

Taxes Environment Real Estate