under subparagraph (D)(ii), publicly disclose 
the identity of the applicant, the location of the 
project, and the amount of the credit with re-
spect to such applicant. 
‘‘(G) TERMINATION.—No credit shall be 
allocated under subparagraph (D) for any pe-
riod ending after December 31, 2020.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to periods after the date of the 
enactment of this Act, under rules similar to the rules of 
section 48(m) of the Internal Revenue Code of 1986 (as 
in effect on the day before the date of the enactment of 
the Revenue Reconciliation Act of 1990). 
SEC. 3. ENERGY STORAGE PROPERTY CONNECTED TO THE 
GRID ELIGIBLE FOR NEW CLEAN RENEWABLE 
ENERGY BONDS. 
(a) IN GENERAL.—Paragraph (1) of section 54C(d) 
of the Internal Revenue Code of 1986 is amended to read 
as follows: 
‘‘(1) QUALIFIED RENEWABLE ENERGY FACIL-
ITY.—The term ‘qualified renewable energy facility’ 
means a facility which is— 
‘‘(A)(i) a qualified facility (as determined 
under section 45(d) without regard to para-
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graphs (8) and (10) thereof and to any placed 
in service date), or 
‘‘(ii) a qualified energy storage property 
(as defined in section 48(c)(5)), and 
‘‘(B) owned by a public power provider, a 
governmental body, or a cooperative electric 
company.’’. 
(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to obligations issued after the date 
of the enactment of this Act. 
SEC. 4. ENERGY INVESTMENT CREDIT FOR ONSITE ENERGY 
STORAGE. 
(a) CREDIT
ALLOWED.—Clause (i) of section 
48(a)(2)(A) of the Internal Revenue Code of 1986, as 
amended by this Act, is amended— 
(1) by striking ‘‘and’’ at the end of subclause 
(III), 
(2) by inserting ‘‘and’’ at the end of subclause 
(IV), and 
(3) by adding at the end the following new sub-
clause: 
‘‘(V) qualified onsite energy stor-
age property,’’. 
(b) QUALIFIED ONSITE ENERGY STORAGE PROP-
ERTY.—Subsection (c) of section 48 of the Internal Rev-
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enue Code of 1986, as amended by this Act, is amended 
by adding at the end the following new paragraph: 
‘‘(6) QUALIFIED
ONSITE
ENERGY
STORAGE 
PROPERTY.— 
‘‘(A) IN
GENERAL.—The term ‘qualified 
onsite energy storage property’ means property 
which— 
‘‘(i) provides supplemental energy to 
reduce peak energy requirements primarily 
on the same site where the property is lo-
cated, or 
‘‘(ii) is designed and used primarily to 
receive and store, firm, or shape variable 
renewable or off-peak energy and to deliver 
such energy primarily for onsite consump-
tion. 
Such term may include thermal energy storage 
systems and property used to charge plug-in 
and hybrid electric vehicles if such property or 
vehicles are equipped with smart grid equip-
ment or services which control time-of-day 
charging and discharging of such vehicles. Such 
term shall not include any property for which 
any other credit is allowed under this chapter. 
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‘‘(B) 
MINIMUM
CAPACITY.—The 
term 
‘qualified onsite energy storage property’ shall 
not include any property unless such property 
in aggregate— 
‘‘(i) has the ability to store the energy 
equivalent of at least 20 kilowatt hours of 
energy, and 
‘‘(ii) has the ability to have an output 
of the energy equivalent of 4 kilowatts of 
electricity for a period of 5 hours. 
‘‘(C) LIMITATION.—In the case of qualified 
onsite energy storage property placed in service 
during the taxable year, the credit otherwise de-
termined under subsection (a) for such year 
with respect to such property shall not exceed 
$1,000,000.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to periods after the date of the 
enactment of this Act, under rules similar to the rules of 
section 48(m) of the Internal Revenue Code of 1986 (as 
in effect on the day before the date of the enactment of 
the Revenue Reconciliation Act of 1990). 
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SEC. 5. CREDIT FOR RESIDENTIAL ENERGY STORAGE 
EQUIPMENT. 
(a) CREDIT ALLOWED.—Subsection (a) of section 
25D of the Internal Revenue Code of 1986 is amended— 
(1) by striking ‘‘and’’ at the end of paragraph 
(4), 
(2) by striking the period at the end of para-
graph (5) and inserting ‘‘, and’’, and 
(3) by adding at the end the following new 
paragraph: 
‘‘(6) 30 percent of the qualified residential en-
ergy storage equipment expenditures made by the 
taxpayer during such taxable year, and’’. 
(b) QUALIFIED RESIDENTIAL ENERGY STORAGE 
EQUIPMENT EXPENDITURES.—Section 25D(d) of the In-
ternal Revenue Code of 1986 is amended by adding at the 
end the following new paragraph: 
‘‘(6) QUALIFIED RESIDENTIAL ENERGY STOR-
AGE EQUIPMENT EXPENDITURES.—For purposes of 
this section, the term ‘qualified residential energy 
storage equipment expenditure’ means an expendi-
ture for property— 
‘‘(A) which is installed in or on a dwelling 
unit located in the United States and owned 
and used by the taxpayer as the taxpayer’s 
principal residence (within the meaning of sec-
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tion 121), or on property owned by the tax-
payer on which such a dwelling unit is located, 
‘‘(B) which— 
‘‘(i) provides supplemental energy to 
reduce peak energy requirements primarily 
on the same site where the property is lo-
cated, or 
‘‘(ii) is designed and used primarily to 
receive and store, firm, or shape variable 
renewable or off-peak energy and to deliver 
such energy primarily for onsite consump-
tion, and 
‘‘(C) which— 
‘‘(i) has the ability to store the energy 
equivalent of at least 2 kilowatt hours of 
energy, and 
‘‘(ii) has the ability to have an output 
of the energy equivalent of 500 watts of 
electricity for a period of 4 hours. 
Such term may include thermal energy storage sys-
tems and property used to charge plug-in and hybrid 
electric vehicles if such property or vehicles are 
equipped with smart grid equipment or services 
which control time-of-day charging and discharging 
of such vehicles. Such term shall not include any 
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property for which any other credit is allowed under 
this chapter.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to property placed in service after 
the date of the enactment of this Act. 
Æ 
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