A bill to amend the Internal Revenue Code of 1986 to extend the clean electricity production credit and the clean electricity investment credit based on increases in the price of, and demand for, electricity, and for other purposes.

Q: What does Preamble of A bill to amend the Internal Revenue Code of 1986 to extend the clean electricity production credit and the clean electricity investment credit based on increases in the price of, and demand for, electricity, and for other purposes. do?

This bill, formally titled 'To amend the Internal Revenue Code of 1986 to extend the clean electricity production credit and the clean electricity investment credit based on increases in the price of, and demand for, electricity, and for other purposes,' aims to amend the Internal Revenue Code of 1986. The bill proposes extending the clean electricity production credit and the clean electricity investment credit. The extension of these credits is intended to be based on increases in the price of, and demand for, electricity.

Q: What does EXTENSION OF CLEAN ENERGY PRODUCTION, INVESTMENT, AND of A bill to amend the Internal Revenue Code of 1986 to extend the clean electricity production credit and the clean electricity investment credit based on increases in the price of, and demand for, electricity, and for other purposes. do?

This section amends sections 45Y, 48E, 25C, and 25D of the Internal Revenue Code of 1986. It modifies the production, investment, energy efficient home improvement, and residential clean energy credits. The amendments establish a mechanism for renewing the application of these credits following years with significant price or demand increases in electricity. A 'price or demand increase year' is defined as a year where electricity prices increase by more than 2% or electricity sales increase. The Secretary is responsible for determining whether a year qualifies as a 'price or demand increase year' and must make these determinations by specific dates. If a year is determined to be a 'price or demand increase year', the relevant credits can be renewed for a period of two calendar years following the determination.

Q: What does ELIMINATING DENIAL OF CREDIT FOR WIND AND SOLAR LEASING of A bill to amend the Internal Revenue Code of 1986 to extend the clean electricity production credit and the clean electricity investment credit based on increases in the price of, and demand for, electricity, and for other purposes. do?

This section amends sections 45Y and 48E of the Internal Revenue Code of 1986. Subsection (h) of section 45Y is struck. Subsection (i) of section 48E is struck. The amendments apply to taxable years beginning after the date of enactment of this Act.

Last updated: 3/24/2026 · Introduced: 3/24/2026

Author: Ron Wyden (D-OR)

TL;DR (AI)

The bill extends clean electricity production and investment tax credits when electricity prices increase by more than 2% or electricity sales increase significantly.
It establishes a process for the Secretary to determine 'price or demand increase years' and renew these credits for two years following that determination.
The bill removes provisions that previously denied tax credits for wind and solar leasing arrangements.

119th Congressin committeeOfficial page

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Includes provisions on preamble, extension of clean energy production, investment, and, and 1 more.

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