This bill allows increased residential energy efficiency property tax credit rates for combined photovoltaic and thermal technology expenditures.
To amend the Internal Revenue Code of 1986 to provide an increased tax 
        credit for combined photovoltaic and thermal technology.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 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.
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To amend the Internal Revenue Code of 1986 to provide an increased tax credit for combined photovoltaic and thermal technology.
To amend the Internal Revenue Code of 1986 to provide an increased tax credit for combined photovoltaic and thermal technology.
Official Titles - House of Representatives
Official Title as Introduced
To amend the Internal Revenue Code of 1986 to provide an increased tax credit for combined photovoltaic and thermal technology.
Rep. Steube, W. Gregory