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S 2681
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Lowering Electric Bills Act

To amend the Internal Revenue Code of 1986 to extend the availability of certain clean energy credits.

Introduced Aug 2, 2025

Latest action (Aug 2, 2025) Read twice and referred to the Committee on Finance. (text: CR S5515)

Referred to
Finance Committee
Policy area
Taxation
Issues
Economy & Taxes

Summary

This bill extends several clean energy tax credits in the Internal Revenue Code. The residential clean energy credit, which provides tax benefits for home energy improvements, is extended from expiring December 31, 2025 to December 31, 2034. The clean electricity production credit is extended to expire no earlier than 2032, or until annual U.S. electricity sector greenhouse gas emissions fall to 25 percent or below 2022 levels, whichever is later. The bill also removes certain limitations on the clean electricity investment credit. All changes are effective retroactively to their original enactment.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)
39 cosponsors

Actions (2)
  1. Aug 2, 2025 Read twice and referred to the Committee on Finance. (text: CR S5515) · senate
  2. Aug 2, 2025 Introduced in Senate

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

  • HR 6474 — To amend the Internal Revenue Code of 1986 to expand the meaning and eligibility of energy communities for purposes of the increased renewable electricity production and increased clean electricity investment credit rates. · Introduced Dec 4, 2025 · Cong. 119 79%
  • HR 3330 — Energy Freedom Act · Introduced May 13, 2025 · Cong. 119 78%
  • S 510 — Financing Our Energy Future Act · Introduced Feb 11, 2025 · Cong. 119 76%
  • HR 3291 — Certainty for Our Energy Future Act · Introduced May 8, 2025 · Cong. 119 76%
  • S 4175 — A bill to amend the Internal Revenue Code of 1986 to extend the clean electricity production credit and the clean electricity investment credit based on increases in the price of, and demand for, electricity, and for other purposes. · Introduced Mar 24, 2026 · Cong. 119 76%
  • S 1229 — End Taxpayer Subsidies for Electric Vehicles Act · Introduced Apr 1, 2025 · Cong. 119 76%

Full text

IN THE SENATE OF THE UNITED STATES

August 2, 2025

Mr. Schumer (for himself, Mr. Wyden, Mr. Warner, Ms. Cantwell, Mr. Bennet, Mr. Schatz, Mr. Durbin, Ms. Duckworth, Mr. Reed, Mr. Hickenlooper, Mr. Gallego, Mr. Blumenthal, Mr. Van Hollen, Mr. Kim, Ms. Warren, Mrs. Gillibrand, Ms. Klobuchar, Mrs. Shaheen, Ms. Rosen, Mr. Padilla, Mr. Booker, Mr. Kelly, Ms. Smith, Mr. King, Ms. Hirono, Mrs. Murray, Mr. Markey, Ms. Slotkin, Mr. Coons, Mr. Whitehouse, Ms. Alsobrooks, Ms. Blunt Rochester, Mr. Merkley, and Mr. Ossoff) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to extend the availability of certain clean energy credits.

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 “Lowering Electric Bills Act”.

SEC. 2. EXTENSION OF CERTAIN CLEAN ENERGY CREDITS.

(a) Residential Clean Energy Credit.—

(1) In general.—Section 25D(h) of the Internal Revenue Code of 1986, as amended by section 70506(a) of Public Law 119- 21, is amended by striking “December 31, 2025” and inserting “December 31, 2034”.

(2) Effective date.—The amendment made by this section shall take effect as if included in the enactment of section 70506 of Public Law 119-21.

(b) Clean Electricity Production Credit.—

(1) In general.—Section 45Y of the Internal Revenue Code of 1986, as amended by section 70512 of Public Law 119-21, is amended—

(A) in subsection (d)—

(i) in paragraph (1), by striking “Subject to paragraph (4), the amount of” and inserting “The amount of”, and

(ii) by striking paragraphs (3) and (4) and inserting the following new paragraph:

“(3) Applicable year.—For purposes of this subsection, the term ‘applicable year’ means the later of—

“(A) the calendar year in which the Secretary determines that the annual greenhouse gas emissions from the production of electricity in the United States are equal to or less than 25 percent of the annual greenhouse gas emissions from the production of electricity in the United States for calendar year 2022, or

“(B) 2032.”, and

(B) by striking subsection (h).

(2) Effective date.—The amendments made by this section shall take effect as if included in the enactment of section 70512 of Public Law 119-21.

(c) Clean Electricity Investment Credit.—

(1) In general.—Section 48E of the Internal Revenue Code of 1986, as amended by section 70513 of Public Law 119-21, is amended—

(A) in subsection (e)—

(i) in paragraph (1), by striking “Subject to paragraph (4), the amount of” and inserting “The amount of”, and

(ii) by striking paragraph (4),

(B) by striking subsection (i), and

(C) by redesignating subsection (j) as subsection

(i).

(2) Effective date.—The amendments made by this section shall take effect as if included in the enactment of section 70513 of Public Law 119-21. <all>

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