Section 1. Short title
This Act may be cited as the Lowering Home Energy Costs Act.
Section 2. Extension of new energy efficient home credit
Section 45L(h) of the Internal Revenue Code of 1986 is amended by striking June 30, 2026 and inserting December 31, 2032.
Section 3. Extension of residential clean energy credit
Section 25D(h) of the Internal Revenue Code of 1986 is amended by striking December 31, 2025 and inserting December 31, 2032.
(a) Repeal
Section 70505 of Public Law 119–21 is repealed, and section 25C of the Internal Revenue Code of 1986 is restored as if such section 70505 had not been enacted.
(b) Effective date
The amendment made by subsection (a) shall take effect as if included in the enactment of Public Law 119–21.