To amend the Internal Revenue Code of 1986 to provide an increased tax credit for combined photovoltaic and thermal technology.

Bill: 117-hr-8317
Sponsor: full_name: Rep. Steube, W. Gregory [R-FL-17]
Introduced: 2022-07-07
Policy area: Taxation
Latest action: action_date: 2022-07-07
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2022-07-07
action_desc: Introduced in House
text: <p>This bill allows increased residential energy efficiency property tax credit rates for combined photovoltaic and thermal technology expenditures.</p>

tv_txt: I 117th CONGRESS 2d Session H. R. 8317 IN THE HOUSE OF REPRESENTATIVES July 7, 2022 Mr. Steube 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 provide an increased tax credit for combined photovoltaic and thermal technology.

1. Increased credit for combined photovoltaic and thermal technology (a) In general Section 25D(e) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (9) Combined photovoltaic and thermal system In the case of a qualified solar electric property expenditure, if such expenditure is for property that uses solar electric and solar thermal energy generated by a common panel that is certified by an independent third party test agency to meet standards set out in IEC/UL 61730 for Photovoltaic (PV) Module Safety Qualification and ISO 9806 Solar Energy—Solar Thermal Collectors—Test Methods to produce energy at a combined peak efficiency of module that is equal to or great than 65 percent— (A) subsection (g)(1) shall be applied by substituting 45 percent for 30 percent , (B) subsection (g)(2) shall be applied by substituting 41 percent for 26 percent , and (C) subsection (g)(3) shall be applied by substituting 37 percent for 22 percent . . (b) Effective date The amendment made by this section shall apply to expenditures paid or incurred after June 1, 2022.