American Energy Independence and Affordability Act

Key Points

• This bill would bring back and extend several tax credits tied to energy production, energy efficiency, and clean vehicles that were changed by a prior law.
• It would keep tax breaks for building clean electricity projects like wind and solar, including some rules aimed at ending or limiting those credits.
• Homeowners could keep getting a tax credit for home clean energy (like solar) longer, with the credit rate stepping down after 2032.
• People buying clean vehicles and used clean vehicles could keep qualifying for federal tax credits through 2032 under the bill’s timelines.
• For some home efficiency upgrades, you would have to list a product ID number from a participating manufacturer on your tax return to claim the credit.