A bill to establish under the direction of the Secretary of Housing and Urban Development a State-administered program providing financial assistance to individuals and families for the purpose of purchasing and installing solar heating (or combined solar heating and cooling) equipment.

[AI summary unavailable — showing source text] Authorizes the Secretary of Housing and Urban Development, acting through the States, to make loans to homeowners to assist them in purchasing and installing qualified solar heating and cooling equipment. Describes the financial assistance available under this Act. Sets forth the formula for the allocation of appropriated funds to the States. Directs the Secretary to disseminate information concerning recommended standards and types of qualified solar heating or solar and cooling equipment appropriate for use in residential structures. Imposes criminal penalties for making false or misleading statements in attempting to obtain loans under this Act.…