Home heating bill introduced in US Senate
December 9, 2011
By
David Manly
Dec. 9, 2011 - The United States Senate was introduced a new piece of legislation that, if passed, would allow US homeowners to receive a tax credit for reducing their heating bills.
Dec. 9, 2011 – The United States Senate was introduced a new piece of legislation that, if passed, would allow US homeowners to receive a tax credit for reducing their heating bills.
The bill, entitled the Cut Energy Bills at Home Act would allow homeowners to receive up to a 30 percent tax credit for increasing heating efficiency in their homes, reports Biomass Power and Thermal.
The credit would be earned via a performance-based system starting at when an individual shows a 20
percent reduction of heating, cooling, water heating or permanent
lighting, all which would earn $2,000. The credit is then increased
by $500 for each additional five percent, with a
maximum credit capped at $5,000. The credit would expire in 2014.
The article states that homes heated by wood pellets were not addressed directly, but that as long as the savings were certified by an accredited company, like Residential Energy Services Network (RESNET) or similar, there should not be a problem.
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