Section 1 Short title
This Act may be cited as the “New Energy for America Act”.
New Energy for America Act
A BILL
To amend the Internal Revenue Code of 1986 to extend the credit for residential energy efficient property and the energy credit.
Sec. 2 Extension of residential energy efficient property
Sec. 3 Extension of energy credit
Solar energy property— Paragraphs (2)(A)(i)(II) and (3)(A)(ii) of section 48(a) of the Internal Revenue Code of 1986 are each amended by striking “periods ending before January 1, 2017” and inserting “property the construction of which begins before January 1, 2022”.
Qualified fuel cell property— Section 48(c)(1)(D) of such Code is amended by striking “for any period after December 31, 2016” and inserting “the construction of which does not begin before January 1, 2022”.
Qualified microturbine property— Section 48(c)(2)(D) of such Code is amended by striking “for any period after December 31, 2016” and inserting “the construction of which does not begin before January 1, 2022”.
Combined heat and power system property— Section 48(c)(3)(A)(iv) of such Code is amended by striking “which is placed in service before January 1, 2017” and inserting “the construction of which begins before January 1, 2022”.
Qualified small wind energy property— Section 48(c)(4)(C) of such Code is amended by striking “for any period after December 31, 2016” and inserting “the construction of which does not begin before January 1, 2022”.
Thermal energy property— Section 48(a)(3)(A)(vii) of such Code is amended by striking “periods ending before January 1, 2017” and inserting “property the construction of which begins before January 1, 2022”.
Effective date— The amendments made by this section shall take effect on the date of the enactment of this Act.