The Cut Energy Bills at Home Act was introduced in the Senate with bipartisan support. If passed, the bill would create a new federal 25e tax credit -- the FIRST residential performance-based tax credit available for homeowners who make energy certain efficiency improvements.
This is an important piece of legislation – not just because of the enhanced choice this offers the taxpayer, but also because it lays out a unique path for using tax credits that are linked to documented energy savings delivered in homes. Here at Efficiency First, we're excited about the benefits this proposed tax credit could have for the building performance industry. Throughout this year, we've been working hard behind the scenes in D.C., building off of the efforts you and others in the industry made in 2009 and 2010 to advocate for performance-based policy solutions. Now that the proposed 25e tax credit legislation is out in the sunshine, the heavy lifting begins, and it will be up to all of us, working in unison and collaboratively, to move it forward. What can you do to help the cause? The bill has now been introduced in Congress, and we will be reaching out to you in the coming weeks and months with what you can do to help the bill move forward. So stay tuned.
Here's where you can learn more about the proposed legislation: www.efficiencyfirst.org/25e