Section 1 Short title
This Act may be cited as the “Residential Solar Opportunity Act of 2021”.
Residential Solar Opportunity Act of 2021
A BILL
To amend the Internal Revenue Code of 1986 to make the credit for a residential energy efficient property permanent.
Sec. 2 Making the credit for a residential energy efficient property permanent
Adjustment of applicable percentage— Section 25D(g) of the Internal Revenue Code of 1986 is amended to read as follows:
“(g) Applicable percentage—For purposes of subsection (a), the applicable percentage shall be—
“(1) in the case of property placed in service after December 31, 2016, and before January 1, 2027, 30 percent,
“(2) in the case of property placed in service after December 31, 2026, and before January 1, 2028, 26 percent,
“(3) in the case of property placed in service after December 31, 2027, and before January 1, 2029, 22 percent, and
“(4) in the case of property placed in service after December 31, 2028, 10 percent.”
Repeal of termination date— Section 25D of such Code is amended by striking subsection (h).