HR 3920
GET Parity Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The GET Parity Act aims to level the playing field for geothermal heat pumps by adjusting the investment tax credit available to homeowners and businesses. Specifically, it reduces the credit percentage over time, phasing it down from 30% to 10% for new geothermal heat pump installations starting after December 31, 2023. This change is intended to encourage the adoption of geothermal heat pumps while gradually decreasing the tax credit amount. The bill modifies existing tax code to achieve this phased reduction.
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Primary sponsor
Cosponsors
Brian Higgins
Nanette Diaz Barragan
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