Bills · S 2681
IN COMMITTEE· 119TH CONGRESS
Senate BillS 2681Taxation
Lowering Electric Bills Act
INTRO AUG 2· LAST ACTION AUG 2
READING
3MIN
COSPONSORS
39
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenAmerican homeowners who are considering installing clean energy systems such as rooftop solar panels, geothermal heat pumps, or battery storage would be directly affected by the extension of the residential clean energy tax credit. They would have an additional nine years to claim a significant tax break on the cost of these installations, potentially making clean energy more affordable for a longer period.
Additionally, companies and developers involved in building large-scale clean electricity projects, such as solar farms, wind farms, or advanced nuclear plants, would be significantly impacted. They would benefit from the removal of phasedown rules for the Clean Electricity Production and Investment Credits, meaning they could receive the full credit amount for longer. However, the bill would also remove the requirements that these companies pay prevailing wages and offer apprenticeships to their workers to qualify for the full tax credits, which would directly affect the wages and training opportunities for workers in the clean energy construction sector.
KEY PROVISIONS
5AI-extractedPROVISION 01
Extends the Residential Clean Energy Credit, allowing homeowners to claim a tax credit for installing clean energy systems on their homes, from December 31, 2025, to December 31, 2034.
This gives individuals an additional nine years to receive a tax incentive for making their homes more energy efficient with clean power.
PROVISION 02
Modifies the Clean Electricity Production Credit by removing prior phase-out rules and clarifying that the full credit amount remains available until U.S. electricity greenhouse gas emissions are reduced by at least 75% from 2022 levels, or until 2032, whichever is later.
This ensures the full value of the credit for large-scale clean electricity generation is available for a longer period, potentially accelerating project development.
PROVISION 03
Modifies the Clean Electricity Investment Credit by removing prior phase-out rules, meaning the full investment tax credit for large clean electricity projects would also be available until the emissions reduction target or 2032 trigger.
This provides more consistent financial incentives for investing in large-scale clean energy infrastructure.
PROVISION 04
Eliminates the requirements for companies to pay prevailing wages and meet apprenticeship standards to qualify for the full Clean Electricity Production Credit.
This removes labor standards currently tied to receiving the highest federal tax incentives for generating clean electricity.
PROVISION 05
Eliminates the requirements for companies to pay prevailing wages and meet apprenticeship standards to qualify for the full Clean Electricity Investment Credit.
This removes labor standards currently tied to receiving the highest federal tax incentives for investing in clean electricity infrastructure.
SPONSORSHIP
1 + 39
D· New York
YRS IN OFFICE
45
BILLS LED
34
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 38 REP 0 IND 1
ACTION TIMELINE
2 EVENTSAUG 2
Introduced in Senate
AUG 2
Read twice and referred to the Committee on Finance. (text: CR S5515)
BILL INFO
TypeSenate Bill
NumberS 2681
Congress119th
StatusIn Committee
IntroducedAug 2, 2025
Last actionAug 2, 2025
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IN COMMITTEE· 119TH CONGRESS · FINANCE COMMITTEE · INTRODUCED AUG 2, 2025
Senate BillS 2681Taxation
Lowering Electric Bills Act
INTRODUCED AUG 2, 2025· LAST ACTION AUG 2, 2025
PASSAGE CHANCES
—%
READING
3 min
COSPONSORS
39
COMPLEXITY
Moderate
