A bill to establish in the Department of Housing and Urban Development a direct low-interest loan program to assist homeowners and builders in purchasing and installing solar heating (or combined solar heating and cooling) equipment.

Authorizes the Secretary of Housing and Urban Development to make loans to individuals and families owning and occupying one-to-four family residential structures to assist them in purchasing and installing qualified solar heating and cooling equipment.

Stipulates that such loans may be made in an amount covering up to 75 percent of the cost of purchasing and installing the necessary equipment, and not exceeding amounts specified in this Act.

Sets forth the terms and conditions governing the loans. Specifies eligibility criteria for solar heating and cooling equipment in order to qualify for loans under this Act.

Directs the Energy Research and Development Administration to establish procedures for periodic inspection and review of solar heating and cooling equipment models and certifications.

Directs the Secretary to disseminate full, complete, and current information concerning recommended standards and types of qualified solar heating or solar heating and cooling equipment appropriate for use in residential structures of varying sizes and types and in various regions of the country.

Imposes criminal penalties for making false or misleading statements in attempting to obtain loans under this Act.

Authorizes the appropriation of $100,000,000 into a revolving fund to carry out the purposes of this Act.