EXTENSION AND MODIFICATION OF CREDIT FOR RESIDENTIAL ENERGY PROPERTY.

SEC. 40402. EXTENSION AND MODIFICATION OF CREDIT FOR RESIDENTIAL ENERGY PROPERTY. (a) In General Section 25D(h) is amended by striking “December 31, 2016” and all that follows and inserting “December 31, 2021.”. (b) Phaseout (1) In general Section 25D(a) is amended by striking “the sum of—” and all that follows and inserting“the sum of the applicable percentages of— “(1) the qualified solar electric property expenditures, “(2) the qualified solar water heating property expenditures, “(3) the qualified fuel cell property expenditures, “(4) the qualified small wind energy property expenditures, and “(5) the qualified geothermal heat pump property expenditures, made by the taxpayer during such year.”. (2) Conforming amendment Section 25D(g) is amended by striking “paragraphs (1) and (2) of”. (c) [26 U.S.C. 25D note] Effective Date The amendment made by this section shall apply to property placed in service after December 31, 2016.