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S 1753 United States Senate · 117th Congress

Home Energy Savings Act

Summary
Home Energy Savings Act This bill reinstates and extends through 2028 the tax credit for nonbusiness energy property. It increases the rate of such credit from 10% to 15% and raises the lifetime cap on such credit from $500 to $1,200. The bill increases credit amounts for the investment in energy efficient building property (e.g., electric heat pump water heater, electric heat pump, central air conditioner, or natural gas, propane, or oil water heater) and provides for increased caps on investment in doors and windows in a residence.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill increases tax credit rates (10%→15%) and caps ($500→$1,200) for energy-efficient home improvements, providing direct tax relief to homeowners.95% confidence ✓ EnergySupports EnergyIncreases tax credits for energy-efficient home upgrades (e.g., heat pumps, HVAC), promoting efficiency and reducing fossil fuel dependence through higher rebates and extended incentives.90% confidence ✓ EnvironmentSupports EnvironmentIncreases tax credits for energy-efficient appliances, promoting reduced energy consumption and lower emissions.90% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
May 2021
Committee Review
Floor Vote
President
Introduced May 20, 2021 Last action May 20, 2021
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
May 20, 2021
Committee
Read twice and referred to the Committee on Finance.
upper
May 20, 2021
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
P
Photo of Margaret Wood Hassan
Margaret Wood Hassan
DDemocratic
NH
n/a
Co
Photo of Susan M. Collins
Susan M. Collins
RRepublican
ME
n/a