EXTENSION AND PHASEOUT OF ENERGY CREDIT.

SEC. 132. EXTENSION AND PHASEOUT OF ENERGY CREDIT. (a) Extensions.—Section 48 is amended— (1) in subsection (a)— (A) in paragraph (2)(A)(i)(II), by striking “January 1, 2022” and inserting “January 1, 2024”, and (B) in paragraph (3)(A)— (i) in clause (ii), by striking “January 1, 2022” and inserting “January 1, 2024”, and (ii) in clause (vii), by striking “January 1, 2022” and inserting “January 1, 2024”, and (2) in subsection (c)— (A) in paragraph (1)(D), by striking “January 1, 2022” and inserting “January 1, 2024”, (B) in paragraph (2)(D), by striking “January 1, 2022” and inserting “January 1, 2024”, (C) in paragraph (3)(A)(iv), by striking “January 1, 2022” and inserting “January 1, 2024”, and (D) in paragraph (4)(C), by striking “January 1, 2022” and inserting “January 1, 2024”. (b) Phaseouts.— (1) Solar energy property.—Section 48(a)(6) is amended— (A) in subparagraph (A)— (i) by striking “January 1, 2022, the energy percentage” and inserting “January 1, 2024, the energy percentage”, (ii) in clause (i), by striking “January 1, 2021” and inserting “January 1, 2023”, and (iii) in clause (ii), by striking “after December 31, 2020, and before January 1, 2022” and inserting “after December 31, 2022, and before January 1, 2024”, and (B) in subparagraph (B), by striking “begins before January 1, 2022, and which is not placed in service before January 1, 2024” and inserting “begins before January 1, 2024, and which is not placed in service before January 1, 2026”. (2) [26 U.S.C. 48] Fiber-optic solar, qualified fuel cell, and qualified small wind energy property.—Section 48(a)(7) is amended— (A) in subparagraph (A)— (i) in clause (i), by striking “January 1, 2021” and inserting “January 1, 2023”, and (ii) in clause (ii), by striking “after December 31, 2020, and before January 1, 2022” and inserting “after December 31, 2022, and before January 1, 2024”, and (B) in subparagraph (B), by striking “January 1, 2024” and inserting “January 1, 2026”. (c) [26 U.S.C. 48 note] Effective Date.—The amendments made by this section shall take effect on January 1, 2020.