Bill > HR1237

This bill, known as the PANELS (Protect Agriculture, Nutrients, and Essential Lands from Solar) Act, proposes to modify the Internal Revenue Code to remove tax credits and incentives for solar energy projects that are located on prime or unique farmland. Specifically, the bill would eliminate energy credits and clean electricity production credits for solar installations built on agricultural lands that the Secretary of Agriculture defines as prime or unique farmland, as outlined in part 657 of title 7 of the Code of Federal Regulations. These terms generally refer to land that is most suitable for producing food, feed, fiber, and forage crops, and which has the best combination of physical and chemical characteristics for agricultural use. By removing financial incentives for solar development on these types of farmlands, the bill aims to discourage the conversion of high-quality agricultural land for solar energy production, potentially preserving these lands for traditional farming purposes. The amendments would apply to any property placed in service after the date of the Act's enactment, effectively immediately impacting future solar energy project development on designated farmlands.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/1237/all-info