A bill to amend the Internal Revenue Code of 1954 to encourage greater conservation of energy in home heating and cooling by providing an income tax deduction for expenditures made for more effective insulation and heating equipment residential structures.

Makes provisions under the Internal Revenue Code of 1954 for the encouragement of greater conservation of energy in home heating and cooling by providing an income tax deduction for expenditures made for more effective insulation and heating equipment in residential structures. Directs the Secretary of the Treasury to prescribe regulations to carry out this Act. (Adds 26 U.S.C. 189)