To amend the Internal Revenue Code of 1986 to extend and phaseout the energy credit for certain property.

This bill amends the Internal Revenue Code to extend and modify tax credits for investments in certain energy property.

The bill extends the tax credits to apply to investments in certain energy property with construction that begins before January 1, 2022. The extensions apply to investments in:

• qualified fuel cell property,
• qualified microturbine property,
• combined heat and power system property,
• qualified small wind energy property, and
• thermal energy property.

The bill sets forth a schedule for reducing from 30% to 22% the credit rate for investments in qualified fuel cell property and small wind energy property.