H.R. 8317 (Introduced in House) — To 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.

To 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

Cite this provision

Incoming references