RAISE the Roof Act
Bill: S.2582 | Sponsor: Sen. Ossoff, Jon (D-GA)
Policy area: Taxation

Summary:
Revamping Appropriate Incentives for Solar Energy for the Roof Act or the RAISE the Roof Act
This bill expands the residential energy efficient property and energy tax credits to include expenditures in new and existing solar roofs.

To amend the Internal Revenue Code of 1986 to expand the residential 
   energy efficient property credit and energy credit, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Revamping Appropriate Incentives for 
Solar Energy for the Roof Act'' or the ``RAISE the Roof Act''.

SEC. 2. CREDITS FOR INVESTMENT IN SOLAR ENERGY PROPERTY.

    (a) Residential Energy Efficient Property.--Paragraph (2) of 
section 25D(d) of the Internal Revenue Code of 1986 is amended to read 
as follows:
            ``(2) Qualified solar electric property expenditure.--
                    ``(A) In general.--The term `qualified solar 
                electric property expenditure' means an expenditure 
                for--
                            ``(i) property which uses solar energy to 
                        generate electricity for use in a dwelling unit 
                        located in the United States and used as a 
                        residence by the taxpayer,
                            ``(ii) any new roof, including any such 
                        roof which replaces an existing roof, which is 
                        part of an integrated product, or
                            ``(iii) the replacement of an existing roof 
                        which is not part of an integrated product, 
                        provided that--
                                    ``(I) property described in clause 
                                (i) is installed,
                                    ``(II) replacement of such roof is 
                                necessary for the installation of such 
                                property, and
                                    ``(III) the installation of such 
                                property is a primary purpose of the 
                                replacement of such roof.
                    ``(B) Integrated product.--For purposes of this 
                paragraph, the term `integrated product' means a solar 
                roofing system that combines property described in 
                subparagraph (A)(i) with roofing materials for the 
                primary purpose of generating electricity from solar 
                energy.''.
    (b) Energy Credit.--Section 48 of the Internal Revenue Code of 1986 
is amended--
            (1) in subsection (a)--
                    (A) in paragraph (2)(A)(i)(II), by striking 
                ``paragraph (3)(A)(i)'' and inserting ``clause (i), 
                (ix), or (x) of paragraph (3)(A)'', and
                    (B) in paragraph (3)(A)--
                            (i) in clause (vii), by striking ``or'' at 
                        the end, and
                            (ii) by adding at the end the following new 
                        clauses:
                            ``(ix) a new roof of a structure, including 
                        any such roof which replaces an existing roof, 
                        which is part of an integrated product, or
                            ``(x) property used with respect to the 
                        repair or replacement of an existing roof of a 
                        structure which is not part of an integrated 
                        product, provided that--
                                    ``(I) property described in clause 
                                (i) or (ii) is installed,
                                    ``(II) such repair or replacement 
                                is necessary for the installation of 
                                such property, and
                                    ``(III) the installation of such 
                                property is a primary purpose of such 
                                repair or replacement,'', and
            (2) in subsection (c), by adding at the end the following 
        new paragraph:
            ``(6) Integrated design.--For purposes of this section, the 
        term `integrated design' means a solar roofing system that 
        combines property described in clause (i) or (ii) of subsection 
        (a)(3)(A) with roofing materials for the primary purpose of 
        generating electricity from solar energy.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2020.
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