1.Residential energy efficient
property credit to include micro-combined heat and power generating
equipment
(a)Subsection (a) of section 25D of the Internal Revenue Code
of 1986 (relating to allowance of credit) is amended by striking
and
at the end of paragraph (4), by striking the period at the
end of paragraph (5) and inserting , and
, and by adding at the
end the following new paragraph:
(6)30 percent of the qualified micro-combined
heat and power property expenditures made by the taxpayer during such
year.
.
(b)Qualified
micro-combined heat and power property expenditures
definedSubsection (d) of section 25D of the Internal Revenue
Code of 1986 (relating to definitions) is amended by adding at the end the
following new paragraph:
(6)Qualified
micro-combined heat and power property expenditureThe
term qualified micro-combined heat and power property
expenditure
means any expenditure for an integrated, cogenerating
building heating and electrical power generation system which—
(A)has a full load
design total fuel use efficiency in the production of heat and electricity of
not less than 80 percent,
(B)operates with a
rated capacity of at least 1 kilowatt, but not more than 30 kilowatts of
electricity,
(C)is manufactured,
installed, and operated in accordance with applicable government and industry
standards,
(D)is capable of
being connected to the local electric power distribution system, and
(E)generates
electricity for use in connection with a dwelling unit located in the United
States and used as a residence by the
taxpayer.
.
(c)The amendments made by this section shall apply to property
placed in service after December 31, 2008.