Section 1 Short title
This Act may be cited as the “Lowering Home Energy Costs Act”.
Lowering Home Energy Costs Act
A BILL
To amend the Internal Revenue Code of 1986 to restore and extend certain tax credits to incentivize energy efficiency.
Sec. 2 Extension of new energy efficient home credit
Section 45L(h) of the Internal Revenue Code of 1986 is amended by striking “June 30, 2026” and inserting “December 31, 2032”.
Sec. 3 Extension of residential clean energy credit
Section 25D(h) of the Internal Revenue Code of 1986 is amended by striking “December 31, 2025” and inserting “December 31, 2032”.
Sec. 4 Restoration of energy efficient home improvement credit
Repeal— Section 70505 of Public Law 119–21 is repealed, and section 25C of the Internal Revenue Code of 1986 is restored as if such section 70505 had not been enacted.
Effective date— The amendment made by subsection (a) shall take effect as if included in the enactment of Public Law 119–21.