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New Home Energy Efficiency Act of 2021

3/8/2023, 7:59 PM

Summary of Bill HR 5188

Bill 117 HR 5188, also known as the New Home Energy Efficiency Act of 2021, aims to promote energy efficiency in newly constructed homes in the United States. The bill focuses on incentivizing builders to incorporate energy-efficient technologies and practices into the design and construction of new homes.

One key provision of the bill is the establishment of a voluntary certification program for energy-efficient homes. Builders who meet certain energy efficiency standards set by the program would be eligible for tax incentives and other financial benefits. This program is designed to encourage builders to prioritize energy efficiency in their construction projects.

Additionally, the bill includes provisions for research and development of new energy-efficient technologies for residential buildings. This includes funding for studies on the effectiveness of different energy-saving measures and the development of new standards for energy efficiency in home construction. Overall, the New Home Energy Efficiency Act of 2021 aims to reduce energy consumption and greenhouse gas emissions in the residential sector by promoting energy-efficient practices in new home construction. By incentivizing builders to prioritize energy efficiency, the bill seeks to create a more sustainable and environmentally friendly housing market in the United States.

Congressional Summary of HR 5188

New Home Energy Efficiency Act of 2021

This bill extends the new energy efficient home credit through 2031 and revises requirements for the credit, including increasing the credit amount and modifying energy savings requirements.

Current Status of Bill HR 5188

Bill HR 5188 is currently in the status of Bill Introduced since September 7, 2021. Bill HR 5188 was introduced during Congress 117 and was introduced to the House on September 7, 2021.  Bill HR 5188's most recent activity was Referred to the House Committee on Ways and Means. as of September 7, 2021

Bipartisan Support of Bill HR 5188

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
2
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5188

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 5188

To amend the Internal Revenue Code of 1986 to extend the new energy efficient home credit, and for other purposes.
New Home Energy Efficiency Act of 2021
New Home Energy Efficiency Act of 2021

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