New Home Energy Efficiency Act of 2021

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.

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.