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Lowering Electric Bills Act: Clean Energy Tax Credits Extended

This act aims to lower electricity bills for citizens by extending clean energy tax credits. This means individuals investing in home renewable energy systems, like solar panels, will have more time to benefit from tax savings. Credits for clean electricity producers and investors are also extended, which may help stabilize energy prices.
Key points
The tax credit for residential clean energy (e.g., solar panels) is extended until the end of 2034, giving more time to benefit from savings.
Credits for companies producing and investing in clean electricity are also extended, which may support renewable energy development and stabilize electricity prices.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_2681
Sponsor: Sen. Schumer, Charles E. [D-NY]
Process start date: 2025-08-02
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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

Lowering Electric Bills Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_2681.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-08-02.

What are the main provisions?

Key points include:

  • The tax credit for residential clean energy (e.g., solar panels) is extended until the end of 2034, giving more time to benefit from savings.
  • Credits for companies producing and investing in clean electricity are also extended, which may support renewable energy development and stabilize electricity prices.
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 Sen. Schumer, Charles E. [D-NY].

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 2025-12-23.

CATEGORIES

Taxes Environment