New Home Energy Efficiency Act of 2021
Bill: H.R.5188 | Sponsor: Rep. Gomez, Jimmy (D-CA)
Policy area: Taxation

Summary:
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.

To amend the Internal Revenue Code of 1986 to extend the new energy 
             efficient home credit, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``New Home Energy Efficiency Act of 
2021''.

SEC. 2. EXTENSION, INCREASE, AND MODIFICATIONS OF NEW ENERGY EFFICIENT 
              HOME CREDIT.

    (a) Extension of Credit.--Section 45L(g) is amended by striking 
``December 31, 2021'' and inserting ``December 31, 2031''.
    (b) Increase in Credit Amounts.--Section 45L(a)(2) is amended to 
read as follows:
            ``(2) Applicable amount.--For purposes of paragraph (1), 
        the applicable amount is an amount equal to--
                    ``(A) in the case of a dwelling unit described in 
                subsection (c)(1)(A) (and not described in subsection 
                (c)(1)(B)), $2,500, and
                    ``(B) in the case of a dwelling unit described in 
                subsection (c)(1)(B), $5000.''.
    (c) Modification of Energy Saving Requirements.--Section 45L(c) is 
amended to read as follows:
    ``(c) Energy Saving Requirements.--
            ``(1) In general.--A dwelling unit meets the energy saving 
        requirements of this subsection if--
                    ``(A) such dwelling unit meets the requirements of 
                paragraph (2) or (3) (whichever is applicable), or
                    ``(B) such dwelling unit is certified as a zero 
                energy ready home under the zero energy ready home 
                program of the Department of Energy (or any successor 
                program determined by the Secretary) as in effect as of 
                the beginning of the calendar year in which 
                construction of the dwelling unit begins.
            ``(2) Single-family home requirements.--A dwelling unit 
        meets the requirements of this paragraph if--
                    ``(A) such dwelling unit meets--
                            ``(i) in the case of a dwelling unit 
                        construction of which begins before January 1, 
                        2024, the Energy Star Single-Family New Homes 
                        National Program Requirements 3.1, and
                            ``(ii) in the case of a dwelling unit 
                        construction of which begins after December 31, 
                        2023, the Energy Star Single-Family New Homes 
                        National Program Requirements 3.2, and
                    ``(B) such dwelling unit meets the most recent 
                Energy Star Single-Family New Homes Program 
                Requirements applicable to the location of such 
                dwelling unit (determined as of the beginning of the 
                calendar year in which construction of such dwelling 
                unit begins).
            ``(3) Multi-family home requirements.--A dwelling unit 
        meets the requirements of this paragraph if--
                    ``(A) such dwelling unit meets the most recent 
                Energy Star Multifamily New Construction National 
                Program Requirements (determined as of the beginning of 
                the calendar year in which construction of such 
                dwelling unit begins), and
                    ``(B) such dwelling unit meets the most recent 
                Energy Star Multifamily New Construction Regional 
                Program Requirements applicable to the location of such 
                dwelling unit (as so determined).''.
    (d) Effective Dates.--The amendments made by this section shall 
apply to dwelling units acquired after December 31, 2021.
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