Summary

                            To amend the Internal Revenue Code of 1986 to extend the credit for residential energy efficient property and the energy credit.

Introduced in House
Technologies for Energy Security Act of 2017

This bill amends the Internal Revenue Code to extend and modify the tax credits
for residential energy efficient property and investments in energy property. 

The bill modifies the tax credit for residential energy efficient property to
extend through 2021 the credits for expenditures for fuel cell property, small
wind energy property, and geothermal heat pump property. For each extended
credit, the bill phases out the current credit rate of 30% of expenditures by
reducing it to 26% or 22%, depending on the date that the property is placed in
service.

The bill extends the tax credit for investments in energy property for the
following property with construction that begins before January 1, 2022: 

 *  fiber-optic solar energy property, 
 * fuel cell property, 
 *  microturbine property, 
 *  combined heat and power system property, 
 *  small wind energy property, and 
 *  thermal energy property. 

The bill phases out the current credit rate of 30% for investments in fuel cell
property, small wind energy property, and fiber-optic solar energy property by
reducing it to 26% or 22%, depending on the date that the property is placed in
service.



                        

Actions

  • Referred to the House Committee on Ways and Means.

    Feb 15th, 2017
  • Introduced in House

    Feb 15th, 2017
  • Introduced in House

    Feb 15th, 2017