I 111th CONGRESS 2d Session H. R. 5763 IN THE HOUSE OF REPRESENTATIVES July 15, 2010 Mr. Polis of Colorado (for himself and Ms. Linda T. Sánchez of California) 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 2010 or 2011 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 30 percent. . (b)

Effective date

The amendment made by this section shall apply to taxable years beginning after December 31, 2009.

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 which— (A)uses solar energy to generate electricity, to heat water, or to heat or cool a structure, (B)is placed in service during 2010 or 2011, and (C)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 placed in service after December 31, 2009.