[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5040 Introduced in House (IH)]

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114th CONGRESS
  2d Session
                                H. R. 5040

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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 21, 2016

  Mr. Polis 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Solar Expansion of Distributed 
Generation Exponentially Act'' or the ``Solar EDGE Act''.

SEC. 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 2017 or 2018 
        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 `the 
        applicable percentage'.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2016.

SEC. 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--
                    ``(A) described in subsection (a)(3)(A)(i),
                    ``(B) the construction of which begins during 2017 
                or 2018, and
                    ``(C) which 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 construction of which begins after December 31, 2016.
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