A bill to provide for the conservation of energy by amending the Internal Revenue Code of 1954 to allow a refundable tax credit for certain building insulation and heating improvements.

Allows a tax credit under the Internal Revenue Code for building insulation and heating improvements for the taxable year up to $1000 to individuals, small business corporations, and estates and trusts. Terminates the availability of this tax credit for taxable years after December 31, 1978.