Solar EDGE Act

Bill: 115-hr-2217
Sponsor: full_name: Rep. Polis, Jared [D-CO-2]
Introduced: 2017-04-27
Policy area: Taxation
Subjects: Alternative and renewable resources

Electric power generation and transmission

Energy efficiency and conservation

Income tax credits

Residential rehabilitation and home repair
Latest action: action_date: 2017-04-27
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2017-04-27
action_desc: Introduced in House
text: <p><b>Solar Expansion of Distributed Generation Exponentially Act or the Solar EDGE Act </b></p> <p>This bill amends the Internal Revenue Code to increase for 2 years tax credits that apply to solar property with a nameplate capacity of less than 20 kilowatts. The increases apply to the investment tax credit and the tax credit for residential energy efficient property expenditures. </p>

tv_txt: I 115th CONGRESS 1st Session H. R. 2217 IN THE HOUSE OF REPRESENTATIVES April 27, 2017 Mr. Polis introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to increase for 2 years the residential energy credit and the investment tax credit with respect to solar property with a nameplate capacity of less than 20 kilowatts.

1. Short title This Act may be cited as the Solar Expansion of Distributed Generation Exponentially Act or the Solar EDGE Act . 2. Two-year increase for certain solar property expenditures (a) In general Subsection (e) of section 25D of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (9) Two-year increase for certain solar property expenditures In the case of qualified solar electric property expenditures for taxable years beginning during 2018 or 2019 with respect to property which has a nameplate capacity of less than 20 kilowatts (or thermal energy equivalent), subsection (a)(1) shall be applied by substituting 50 percent for the applicable percentage . . (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2017. 3. Two-year increase for certain solar property (a) In general Subsection (c) of section 48 of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (5) Two-year increase for certain solar property In the case of property— (A) described in subsection (a)(3)(A)(i), (B) the construction of which begins during 2018 or 2019, and (C) which has a nameplate capacity of less than 20 kilowatts (or thermal energy equivalent), the energy percentage shall be 50 percent. . (b) Effective date The amendment made by this section shall apply to property construction of which begins after December 31, 2017.