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US HR5175

US HR5175
Incentivizing Solar Deployment Act of 2021


summary

Introduced
09/03/2021
In Committee
09/03/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To amend the Internal Revenue Code of 1986 to extend the production tax credit for electricity produced from solar energy.

AI Summary

This bill, the Incentivizing Solar Deployment Act of 2021, amends the Internal Revenue Code to extend the production tax credit for electricity produced from solar energy. Specifically, it changes the eligibility criteria from solar facilities placed in service before January 1, 2006, to those whose construction begins before January 1, 2027. This effectively extends the tax credit, which provides an incentive to develop and deploy solar energy projects, for an additional 21 years. The amendments made by this bill would apply to solar facilities whose construction begins after December 31, 2021.

Committee Categories

Budget and Finance

Sponsors (15)

Last Action

Referred to the House Committee on Ways and Means. (on 09/03/2021)

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