Investment credit for equipment used to fabricate solar energy property

(a)

In general

Subparagraph (A) of section 48(a)(3) of the Internal Revenue Code of 1986 (defining energy property) is amended by striking or at the end of clause (vi), by adding or at the end of clause (vii), and by inserting after clause (vii) the following new clause:

(viii)equipment designed to be used for the fabrication of property described in clause (i) or paragraph (1) or (2) of section 25D(d), including solar cells and modules that convert sunlight to electricity, but only with respect to periods ending before January 1, 2017.

(b)

Credit percentage

Clause (i) of section 48(a)(2)(A) of the Internal Revenue Code of 1986 (defining energy percentage) is amended by striking and at the end of subclause (III) and by inserting after subclause (IV) the following new subclause:

(V) energy property described in paragraph (3)(A)(viii), and

(c)

Effective date

The amendments made by this section shall apply to periods after the date of the enactment of this Act, under rules similar to the rules of section 48(m) of the Internal Revenue Code of 1986 (as in effect on the day before the date of the enactment of the Revenue Reconciliation Act of 1990).

Energy credit allowed for water heaters in pools located on commercial property

(a)

In general

Section 48(a)(3)(A)(i) of the Internal Revenue Code of 1986 is amended by inserting located at a single family residence after swimming pool. (b)

Effective Date

The amendment made by this section shall apply to property placed in service after the date of the enactment of this Act.