A bill to amend the Internal Revenue Code of 1954 to encourage greater conservation energy in environmental conditioning and the use of solar energy by providing an income tax deduction for expenditures made for more effective insulation, more efficient environmental conditioning equipment, and solar environmental conditioning apparatus in residential structures.

Allows as a tax deduction from income tax, under the Internal Revenue Code, any expenditures made by a taxpayer during the taxable year for the purchase and installation, in any residential structure owned by him and expected to be occupied for at least one hundred and eighty-three days per year, of qualified insulative materials or qualified environmental conditioning equipment, including, but not limited to, solar energy environmental conditioning apparatus.