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Bill

HB 760

Income tax, state; energy-efficient homes tax credits.

2026 Regular Session Introduced by Chris Runion and 1 co-sponsor

HB 760 creates Virginia income tax credits for homeowners installing energy-efficient home improvements, reducing upfront costs to encourage residential efficiency upgrades and emissions reduction.

Fiscal Impact statement From TAX (2/4/2026 1:33 pm)
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WeVote Research Nonpartisan
Bill Summary · HB 760

Legislative bill overview

HB 760 establishes state income tax credits for Virginia homeowners who install or improve energy-efficient features in their residences. The bill aims to incentivize residential energy efficiency upgrades by providing direct tax relief to qualifying taxpayers. The specific credit amounts, eligible improvements, and income limitations are determined by the fiscal impact statements referenced but not detailed in the bill summary provided.

Why is this important

Energy efficiency improvements reduce household utility costs and residential carbon emissions, addressing both personal finances and climate goals. Tax credits lower the upfront cost barrier that prevents many homeowners from making efficiency upgrades, potentially accelerating market adoption. The fiscal impact on state revenue depends heavily on credit design—broad credits could significantly reduce tax collections while narrow ones may have minimal impact.

Potential points of contention

  • Cost to state budget: Tax credits reduce revenue; fiscal statements indicate measurable costs that legislators must weigh against environmental and economic benefits
  • Equity concerns: Tax credits primarily benefit homeowners who can afford improvements and have tax liability; renters and lower-income households may be excluded
  • Credit design details: Questions remain about which upgrades qualify, credit caps, income thresholds, and whether credits are refundable—features that dramatically affect both effectiveness and cost

Compiled from official sources — confirm details with the bill’s official record.

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