117 HR 8317 IH: To amend the Internal Revenue Code of 1986 to provide an increased tax credit for combined photovoltaic and thermal technology. U.S. House of Representatives 2022-07-07 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I117th CONGRESS2d SessionH. R. 8317IN THE HOUSE OF REPRESENTATIVESJuly 7, 2022Mr. Steube introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to provide an increased tax credit for combined photovoltaic and thermal technology.

1.

Increased credit for combined photovoltaic and thermal technology

(a)

In general

Section 25D(e) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:(9)

Combined photovoltaic and thermal system

In the case of a qualified solar electric property expenditure, if such expenditure is for property that uses solar electric and solar thermal energy generated by a common panel that is certified by an independent third party test agency to meet standards set out in IEC/UL 61730 for Photovoltaic (PV) Module Safety Qualification and ISO 9806 Solar Energy—Solar Thermal Collectors—Test Methods to produce energy at a combined peak efficiency of module that is equal to or great than 65 percent—(A)subsection (g)(1) shall be applied by substituting 45 percent for 30 percent,(B)subsection (g)(2) shall be applied by substituting 41 percent for 26 percent, and(C)subsection (g)(3) shall be applied by substituting 37 percent for 22 percent..(b)

Effective date

The amendment made by this section shall apply to expenditures paid or incurred after June 1, 2022.