This bill establishes the Home Energy Savings Account Program to allow individuals and married couples to open a home energy savings account into which annual deposits of up to $2,500 for an individual and $5,000 for a married couple may be made. The amount deposited is exempt from Maine income tax but may be used only for the weatherization of the account holder's residence or the payment of fuel or electricity costs incurred for heating the account holder's residence; funds withdrawn and used for any other purpose are subject to Maine income tax. The residence must be located in Maine. Balances in the accounts do not lapse but are carried forward each year. The Home Energy Savings Account Program is administered by the Finance Authority of Maine.