CREDIT FOR ELECTRICITY PRODUCED FROM CERTAIN RENEWABLE RESOURCES.

SEC. 131. CREDIT FOR ELECTRICITY PRODUCED FROM CERTAIN RENEWABLE RESOURCES. (a) [26 U.S.C. 45] In General.—The following provisions of section 45(d) are each amended by striking “January 1, 2021” each place it appears and inserting “January 1, 2022”: (1) Paragraph (1). (2) Paragraph (2)(A). (3) Paragraph (3)(A). (4) Paragraph (4)(B). (5) Paragraph (6). (6) Paragraph (7). (7) Paragraph (9). (8) Paragraph (11)(B). (b) Extension of Election to Treat Qualified Facilities as Energy Property.—Section 48(a)(5)(C)(ii) is amended by striking “January 1, 2021” and inserting “January 1, 2022”. (c) Conforming Amendments Related to Application of Phaseout Percentage.— (1) Section 45(b)(5)(D) is amended by striking “January 1, 2021” and inserting “January 1, 2022”. (2) Section 48(a)(5)(E)(iv) is amended by striking “January 1, 2021” and inserting “January 1, 2022”. (d) [26 U.S.C. 45 note] Effective Date.—The amendments made by this section shall take effect on January 1, 2021.