,i #aac? ,,congress #b;d ,session ,h4 ,r4 #ddbf ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,april #h1 #bjad ,ms4 ,l(gr5 7= h]self1 ,ms4 ,matsui1 ,mr4 ,honda1 ,ms4 ,p+ree ( ,ma9e1 ,mr4 ,clay1 ,ms4 ,norton1 ,ms4 ,*u1 ,mr4 ,israel1 ,mr4 ,c>twright1 ,ms4 ,cl>k ( ,massa*usetts1 ,mr4 ,quigley1 ,mr4 ,holt1 ,ms4 ,tsongas1 ,ms4 ,%ea-,port]1 ,mr4 ,crd5as1 ,mrs4 ,capps1 ,mr4 ,george ,mill] ( ,cali=nia1 & ,mr4 ,s*iff7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means1 & 9 addition to ! ,committee on ,en]gy & ,comm]ce1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to promote ! dome/ic developm5t & deploym5t ( clean en]gy te*nologies requir$ = ! #ba/ c5tury4 #a4 ,%ort title2 table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! ,clean ,en]gy ,victory ,bond ,act ( #bjad4 7b7 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 table ( cont5ts4 ,sec4 #b4 ,f9d+s4 ,title ,i--,clean ,en]gy ,victory ,bonds ,sec4 #aja4 ,clean ,en]gy ,victory ,bonds4 ,title ,,ii--,rev5ue provisions ,sec4 #bja4 ,ext5sion & modification ( en]gy inve/m5t tax cr$it4 ,sec4 #bjb4 ,ext5sion ( resid5tial en]gy effici5t prop]ty cr$it4 ,sec4 #bjc4 ,ext5sion & modification ( cr$it = electricity produc$ f c]ta9 r5ewable res\rces4 ,sec4 #bjd4 ,ext5sion ( cr$it = nonbus9ess en]gy prop]ty4 ,sec4 #bje4 ,p]=mance bas$ home en]gy improvem5ts4 ,sec4 #bjf4 ,ext5sion ( new en]gy effici5t home cr$it4 ,sec4 #bjg4 ,ext5sion & modification ( en]gy effici5t comm]cial build+s d$uction4 ,sec4 #bjh4 ,plug-9 electric vehicle grants 9 lieu ( tax cr$its4 #b4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,!re is enorm\s pot5tial = increas+ r5ewable en]gy production & en]gy effici5cy in/allation 9 ! ,unit$ ,/ates4 7#b7 ,a major b>ri] to rapid expansion ( r5ewable en]gy & en]gy effici5cy is upfront capital co/s4 ,gov]nm5t tax inc5tives & o!r assi/ance programs h prov5 b5eficial 9 enc\rag+ private sector developm5t1 manufactur+ & in/allation ( r5ewable en]gy & en]gy effici5cy projects nationwide4 ,h[ev]1 ^! gov]nm5t inc5tives are n curr5tly meet+ dem& f ! private sector1 & we are n tak+ full advantage ( ! pot5tial = clean en]gy & transportation1 z well z en]gy effici5cy 9 ! ,unit$ ,/ates4 7#c7 ,o!r nations1 includ+ ,*9a & ,g]many are ahead ( ! ,unit$ ,/ates 9 manufactur+ & deploy+ v>i\s clean en]gy te*nologies1 ev5 ?\gh ! ,unit$ ,/ates inv5t$ _m ( ^! te*nologies4 7#d7 ,inve/m5ts 9 r5ewable en]gy & en]gy effici5cy projects 9 ! ,unit$ ,/ates create gre5 jobs = ,u4,s4 citiz5s across ! ,unit$ ,/ates4 ,hundr$s ( ?\s&s ( jobs c\ld be creat$ ?r\gh exp&$ gov]nm5t support = clean en]gy & en]gy effici5cy4 7#e7 ,z ,am]icans *oose en]gy effici5cy & clean en]gy & transportation1 x r$uces our dep5d5ce on =eign oil & improves our en]gy security4 7#f7 ,bonds are a l[-co/ me?od = enc\rag+ clean en]gy1 n requir+ direct budget allocations or exp5ditures4 ,! projects support$ ?r\gh ,clean ,en]gy ,victory ,bonds w create jobs & bus9ess rev5ues t w increase ,f$]al tax rev5ues1 :ile simultane\sly r$uc+ heal? & environm5tal co/s incurr$ by ! ,f$]al ,gov]nm5t nationwide4 7#g7 ,9 ,_w ,w> ,,ii1 ov] #hj p]c5t ( ,am]ican h\seholds pur*as$ ,victory ,bonds to support ! w> ef=t1 rais+ ov] #ahe billion1 or ov] #b trillion 9 today's doll>s4 ,i ,clean ,en]gy ,victory ,bonds #aja4 ,clean ,en]gy ,victory ,bonds 7a7 ,initial capitalization ,! ,secret>y ( ! ,treasury %all issue ,clean ,en]gy ,victory ,bonds 9 an am\nt n to exce$ #g1ejj1jjj1jjj on ! cr$it ( ! ,unit$ ,/ates = purposes ( rais+ rev5ue = ! ext5sion ( c]ta9 en]gy-relat$ tax b5efits ext5d$ by ?is ,act4 7b7 ,d5om9ations & maturity ,clean ,en]gy ,victory ,bonds %all be 9 ! =m ( ,unit$ ,/ates ,sav+s ,bonds ( ,s]ies ,,ee or z adm9i/]$ by ! ,bureau ( ! ,public ,debt ( ! ,dep>tm5t ( ! ,treasury 9 d5om9ations ( #be1 & %all mature )9 su* p]iods z det]m9$ by ! ,secret>y ( ! ,treasury4 7c7 ,int]e/ ,clean ,en]gy ,victory ,bonds %all be> int]e/ at ! rate ! ,secret>y ( ! ,treasury sets = ,sav+s ,bonds ( ,s]ies ,,ee & ,s]ies ,i1 plus a rate ( return det]m9$ by ! ,secret>y ( ! ,treasury :i* is bas$ on ! valuation ( c>bon mitigat$ or en]gy sav$ ?r\gh fund$ projects fund$ f ! proce$s ( su* bonds4 7d7 ,promotion 7#a7 ,9 g5]al ,! ,secret>y ( ! ,treasury %all take su* actions1 indep5d5tly & 9 conjunction ) f9ancial in/itutions (f]+ ,clean ,en]gy ,victory ,bonds1 to promote ! pur*ase ( ,clean ,en]gy ,victory ,bonds1 includ+ campaigns describ+ ! f9ancial & social b5efits ( pur*as+ ,clean ,en]gy ,victory ,bonds4 7#b7 ,promotional activities ,su* promotional activities may include adv]tisem5ts1 pamphlets1 or o!r promotional mat]ials-- 7,a7 9 p]iodicals2 7,b7 on billbo>ds & o!r outdoor v5ues2 7,c7 on television2 7,d7 on radio2 7,e7 on ! ,int]net2 7,f7 )9 f9ancial in/itutions t (f] ,clean ,en]gy ,victory ,bonds2 or 7,g7 any o!r v5ues or outlets ! ,secret>y ( ! ,treasury may id5tify4 7#c7 ,limitation ,!re are au?oriz$ to be appropriat$ = su* promotional activities n m ?an-- 7,a7 #aj1jjj1jjj 9 ! fir/ ye> aft] ! date ( ! enactm5t ( ?is ,act1 & 7,b7 #b1jjj1jjj 9 ea* ye> !reaft]4 7e7 ,future capitalization 7#a7 ,9 g5]al ,aft] ! initial capitalization limit is rea*$ "u subsection 7a71 ! ,secret>y ( ! ,treasury may issue additional ,clean ,en]gy ,victory ,bonds on ! cr$it ( ! ,unit$ ,/ates4 7#b7 ,s+le issue limitation ,no su* additional issue may exce$ #g1ejj1jjj1jjj4 7#c7 ,aggregate limitations ,! aggregate ( any su* additional issues dur+ ! #d-ye> p]iod beg9n+ on ! day aft] ! initial capitalization limit is rea*$ "u subsection 7a7 may n exce$ #ej1jjj1jjj1jjj4 ,! aggregate ( any su* additional issues aft] ! expiration ( su* #d-ye> p]iod may n exce$ #ej1jjj1jjj1jjj4 7f7 ,lawful inve/m5ts ,clean ,en]gy ,victory ,bonds %all be lawful inve/m5ts1 & may be accept$ z security = all fiduci>y1 tru/1 & public funds1 ! inve/m5t or deposit ( :i* %all be "u ! au?ority or control ( ! ,unit$ ,/ates or any (fic] or (fic]s !re(4 ,,ii ,rev5ue provisions #bja4 ,ext5sion & modification ( en]gy inve/m5t tax cr$it 7a7 ,ext5sion 7#a7 ,sol> en]gy ,p>agraphs 7#b77;,a77i77,,ii7 & 7#c77;,a77ii7 ( section #dh7;a7 ( ! ,int]nal ,rev5ue ,code ( #aihf are ea* am5d$ by /rik+ ,janu>y #a1 #bjag & ins]t+ ,janu>y #a1 #bjbc4 7#b7 ,geo!rmal heat pumps ,clause 7vii7 ( section #dh7;a77#c77;,a7 ( su* ,code is am5d$ by /rik+ ,janu>y #a1 #bjag & ins]t+ ,janu>y #a1 #bjbc4 7#c7 ,fuel cell prop]ty ,subp>agraph 7,d7 ( section #dh7;c77#a7 ( su* ,code is am5d$ by /rik+ ,decemb] #ca1 #bjaf & ins]t+ ,decemb] #ca1 #bjbb4 7#d7 ,microturb9e prop]ty ,subp>agraph 7,d7 ( section #dh7;c77#b7 ( su* ,code is am5d$ by /rik+ ,decemb] #ca1 #bjaf & ins]t+ ,decemb] #ca1 #bjbb4 7#e7 ,comb9$ heat & p[] ,clause 7iv7 ( section #dh7;c77#c7 ( su* ,code is am5d$ by /rik+ ,janu>y #a1 #bjag & ins]t+ ,janu>y #a1 #bjbc4 7#f7 ,small w9d ,subp>agraph 7,c7 ( section #dh7;c77#d7 ( su* ,code is am5d$ by /rik+ ,decemb] #ca1 #bjaf & ins]t+ ,decemb] #ca1 #bjbb4 7#g7 ,(f%ore w9d 7,a7 ,9 g5]al ,clause 7ii7 ( section #dh7;a77#e77;,c7 ( su* ,code is am5d$-- 7i7 by /rik+ is plac$ 9 s]vice 9 & ins]t+ ! foll[+3 is-- 7,i7 except z provid$ 9 subclause 7,,ii71 plac$ 9 s]vice 9 1 7ii7 by add+ at ! end ! foll[+ new subclause3 7,,ii7 9 ! case ( an (f%ore w9d facility1 plac$ 9 s]vice aft] ,decemb] #ca1 #bjjh1 & be=e ,janu>y #a1 #bjba1 & 4 7,b7 ,(f%ore w9d facility ,p>agraph 7#e7 ( section #dh7;a7 ( su* ,code is am5d$ by add+ at ! end ! foll[+ new subp>agraph3 7,e7 ,(f%ore w9d facility ,! t]m (f%ore w9d facility means any qualifi$ facility describ$ 9 section #de7;d77#a7 & locat$ 9 ! inl& navigable wat]s ( ! ,unit$ ,/ates1 includ+ ! ,great ,lakes1 or 9 ! coa/al wat]s ( ! ,unit$ ,/ates1 includ+ ! t]ritorial seas ( ! ,unit$ ,/ates1 ! exclusive economic zone ( ! ,unit$ ,/ates1 & ! out] ,cont95tal ,%elf ( ! ,unit$ ,/ates4 4 7b7 ,modification ( fuel cell prop]ty ,p>agraph 7#a7 ( section #dh7;c7 ( su* ,code1 z am5d$ by ?is ,act1 is am5d$ by r$esignat+ subp>agraph 7,d7 z subp>agraph 7,e7 & by ins]t+ aft] subp>agraph 7,c7 ! foll[+ new subp>agraph3 7,d7 ,exception = fuel d]iv$ f fossil fuels ,! t]m qualifi$ fuel cell p[]plant %all n include any fuel cell p[]plant ! fuel ( :i* is d]iv$ f1 or is produc$ by us+1 any fossil fuel4 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all take effect on ! date ( ! enactm5t ( ?is ,act4 #bjb4 ,ext5sion ( resid5tial en]gy effici5t prop]ty cr$it 7a7 ,9 g5]al ,subsection 7g7 ( section #be;,d ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ ,decemb] #ca1 #bjaf & ins]t+ ,decemb] #ca1 #bjbc4 7b7 ,effective date ,! am5dm5t made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjaf4 #bjc4 ,ext5sion & modification ( cr$it = electricity produc$ f c]ta9 r5ewable res\rces 7a7 ,ext5sion ,subsection 7d7 ( section #de ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 by /rik+ ,janu>y #a1 #bjac 9 p>agraph 7#a7 & ins]t+ ,janu>y #a1 #bjbc1 7#b7 by /rik+ ,janu>y #a1 #bjad ea* place x appe>s 9 p>agraphs 7#b71 7#c71 7#d71 7#i71 & 7#aa7 & ins]t+ ,janu>y #a1 #bjbc1 & 7#c7 by /rik+ ,janu>y #a1 #bjjf 9 p>agraph 7#d7 & ins]t+ ,janu>y #a1 #bjbc4 7b7 ,modifications ) respect to clos$-,loop biomass 7#a7 ,9 g5]al ,p>agraph 7#b7 ( section #de7;c7 ( su* ,code is am5d$ to read z foll[s3 7#b7 ,clos$-,loop biomass 7,a7 ,9 g5]al ,! t]m clos$-loop biomass means any organic matt] f a plant :i*-- 7i7 is plant$ exclusively = purposes ( be+ us$ at a qualifi$ facility to produce electricity1 or 7ii7 is a byproduct f h>ve/+ timb] 7includ+ tops1 bran*es1 crooks7 or is invasive woody vegetation t int]f]es ) reg5]ation or ! natural gr[? ( ! =e/ f :i* timb] is h>ve/$4 7,b7 ,limitation ,= purposes ( subp>agraph 7,a77ii71 byproduct f h>ve/+ timb] %all n be treat$ z clos$-loop biomass unless-- 7i7 su* byproduct does n exce$ #cj p]c5t 7by weight7 ( ! h>ve/$ timb] to :i* x relates1 & 7ii7 ! p]c5tage byproduct remov$ 7by weight7 does n exce$-- 7,i7 #be p]c5t 9 ! case ( timb] h>ve/$ f good soil1 & 7,,ii7 #j p]c5t 9 ! case ( timb] h>ve/$ f poor soil4 ,= purposes ( ! prec$+ s5t5ce1 soil quality %all be det]m9$ by ref]5ce to soil classifications by ! ,natural ,res\rces ,cons]vation ,s]vice4 4 7#b7 ,qualifi$ facility ,p>agraph 7#b7 ( section #de7;d7 ( su* ,code is am5d$ by add+ at ! end ! foll[+ new subp>agraph3 7,d7 ,gre5h\se gas emissions ,9 ! case ( a facility plac$ 9 s]vice aft] ,decemb] #ca1 #bjad1 su* t]m %all n include any facility unless1 ) respect to ! facility1 ! taxpay] annually dur+ ! #aj-ye> p]iod describ$ 9 subsection 7a7 demon/rates to ! satisfaction ( ! ,secret>y t su* facility's use ( clos$-loop biomass w result 9 a #ej-p]c5t r$uction 9 gre5h\se gas emissions comp>$ to a simil> facility us+ natural gas comb9$-cycle g5]ation4 4 7c7 ,modification ( op5-,loop biomass def9ition ,! second s5t5ce ( subp>agraph 7,a7 ( section #de7;c77#c7 ( su* ,code is am5d$-- 7#a7 by /rik+ or biomass & ins]t+ 1 biomass1 & 7#b7 by ins]t+ be=e ! p]iod at ! end ! foll[+3 1 any biomass :i* is prim>ily a food crop1 or biomass d]iv$ f any crop t displaces any =e/ exi/+ on ! date ( ! enactm5t ( ! ,clean ,en]gy ,victory ,bond ,act ( #bjad4 7d7 ,modification ( bi(uel z qualifi$ en]gy res\rce 7#a7 ,9 g5]al ,p>agraph 7#a7 ( section #de7;c7 ( su* ,code is am5d$ by /rik+ & at ! end ( subp>agraph 7,h71 by /rik+ ! p]iod at ! end ( subp>agraph 7,i7 & ins]t+ 1 &1 & by add+ at ! end ! foll[+ new subp>agraph3 7,j7 second g5]ation biomass4 4 7#b7 ,second g5]ation biomass def9$ ,subsection 7c7 ( section #de ( su* ,code is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#aa7 ,second g5]ation biomass ,! t]m second g5]ation biomass means any biomass :i* is compos$ ( lignocellulosic or hemicellulosic matt] t is available on a r5ewable or recurr+ basis & t does n replace =e/$ l& 7o!r ?an any fuel describ$ 9 section #dj7;b77#f77;,e77iii774 4 7#c7 ,qualifi$ facility ,subsection 7d7 ( section #de ( su* ,code is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#ab7 ,second g5]ation biomass ,9 ! case ( a facility produc+ electricity f second g5]ation biomass1 ! t]m qualifi$ facility means any facility own$ by ! taxpay] :i* is orig9ally plac$ 9 s]vice on or aft] ! date ( ! enactm5t ( ?is p>agraph & be=e ,janu>y #a1 #bjbc4 4 7#d7 ,con=m+ am5dm5ts 7,a7 ,subsection 7d7 ( section #de ( su* ,code is am5d$ by /rik+ ,janu>y #a1 #bjad ea* place x appe>s 9 p>agraphs 7#b77;,a77i71 7#c71 7#f71 & 7#g7 & ins]t+ ! date ( ! enactm5t ( ! ,clean ,en]gy ,victory ,bond ,act ( #bjad4 7,b7 ,clause 7ii7 ( section #de7;d77#b77;,a7 ( su* ,code is am5d$ by /rik+ ,janu>y #a1 #bjad1 & ins]t+ ! date ( ! enactm5t ( ! ,clean ,en]gy ,victory ,bond ,act ( #bjad4 7e7 ,effective date ,! am5dm5ts made by ?is section %all apply to prop]ty plac$ 9 s]vice aft] ! date ( ! enactm5t ( ?is ,act4 #bjd4 ,ext5sion ( cr$it = nonbus9ess en]gy prop]ty 7a7 ,9 g5]al ,p>agraph 7#b7 ( section #be;,c7g7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ ,decemb] #ca1 #bjac & ins]t+ ,decemb] #ca1 #bjbb4 7b7 ,effective date ,! am5dm5t made by ?is section %all apply to prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjac4 #bje4 ,p]=mance bas$ home en]gy improvem5ts 7a7 ,9 g5]al ,subp>t ,a ( "p ,,iv ( sub*apt] ,a ( *apt] #a is am5d$ by add+ at ! end ! foll[+ new section3 #be;,e4 ,p]=mance bas$ en]gy improvem5ts 7a7 ,9 g5]al ,9 ! case ( an individual1 !re %all be all[$ z a cr$it aga9/ ! tax impos$ by ?is *apt] = ! taxable ye> = a qualifi$ :ole home en]gy effici5cy retr(it an am\nt det]m9$ "u subsection 7b74 7b7 ,am\nt det]m9$ 7#a7 ,9 g5]al ,subject to p>agraph 7#d71 ! am\nt det]m9$ "u ?is subsection is equal to-- 7,a7 ! base am\nt "u p>agraph 7#b71 increas$ by 7,b7 ! am\nt det]m9$ "u p>agraph 7#c74 7#b7 ,base am\nt ,= purposes ( p>agraph 7#a77;,a71 ! base am\nt is #b1jjj1 b only if ! en]gy use = ! resid5ce is r$uc$ by at lea/ #bj p]c5t bel[ ! basel9e en]gy use = su* resid5ce z calculat$ accord+ to p>agraph 7#e74 7#c7 ,increase am\nt ,= purposes ( p>agraph 7#a77;,b71 ! am\nt det]m9$ "u ?is p>agraph is #ejj = ea* additional #e p]c5tage po9t r$uction 9 en]gy use4 7#d7 ,limitation ,9 no ev5t %all ! am\nt det]m9$ "u ?is subsection exce$ ! less] (-- 7,a7 #e1jjj ) respect to any resid5ce1 or 7,b7 #cj p]c5t ( ! qualifi$ home en]gy effici5cy exp5ditures paid or incurr$ by ! taxpay] "u subsection 7c7 ) respect to su* resid5ce4 7#e7 ,det]m9ation ( en]gy use r$uction ,= purposes ( ?is subsection-- 7,a7 ,9 g5]al ,! r$uction 9 en]gy use = any resid5ce %all be det]m9$ by model+ ! annual pr$ict$ p]c5tage r$uction 9 total en]gy co/s = heat+1 cool+1 hot wat]1 & p]man5t light+4 ,x %all be model$ us+ comput] model+ s(tw>e approv$ "u subsection 7d77#b7 & a basel9e en]gy use calculat$ accord+ to subsection 7d77#a77;,c74 7,b7 ,en]gy co/s ,= purposes ( subp>agraph 7,a71 ! en]gy co/ p] unit ( fuel = ea* fuel type %all be det]m9$ by divid+ ! total actual en]gy bill = ! resid5ce = t fuel type = ! mo/ rec5t available #ab-mon? p]iod by ! total en]gy units ( t fuel type us$ ov] ! same p]iod4 7c7 ,qualifi$ home en]gy effici5cy exp5ditures ,= purposes ( ?is section1 ! t]m qualifi$ home en]gy effici5cy exp5ditures-- 7#a7 means any am\nt paid or incurr$ by ! taxpay] dur+ ! taxable ye> = a qualifi$ :ole home en]gy effici5cy retr(it1 includ+ ! co/ ( diagno/ic proc$ures1 labor1 & model+1 7#b7 includes only measures t h an av]age e/imat$ life ( #e ye>s or m z det]m9$ by ! ,secret>y1 aft] consultation ) ! ,secret>y ( ,en]gy1 7#c7 does n include any am\nt :i* is paid or incurr$ 9 connection ) any expansion ( ! build+ envelope ( ! resid5ce1 & 7#d7 does n include improvem5ts to swimm+ pools or hot tubs or any o!r exp5diture specifically exclud$ by ! ,secret>y1 aft] consultation ) ! ,secret>y ( ,en]gy4 7d7 ,qualifi$ :ole home en]gy effici5cy retr(it ,= purposes ( ?is section-- 7#a7 ,9 g5]al ,! t]m qualifi$ :ole home en]gy effici5cy retr(it means ! implem5tation ( measures plac$ 9 s]vice dur+ ! taxable ye> int5d$ to r$uce ! en]gy use ( ! pr9cipal resid5ce ( ! taxpay] :i* is locat$ 9 ! ,unit$ ,/ates4 ,a qualifi$ :ole home en]gy effici5cy retr(it %all-- 7,a7 be design$1 implem5t$1 & in/all$ by a contractor :i* is-- 7i7 accr$it$ by ! ,build+ ,p]=mance ,in/itute 7h]eaft] 9 ?is section ref]r$ to z ,,bpi7 or a preexi/+ ,,bpi accr$itation-bas$ ,/ate c]tification program ) enhancem5ts to a*ieve ,/ate en]gy policy1 7ii7 a ,resid5tial ,en]gy ,s]vices ,network 7h]eaft] 9 ?is section ref]r$ to z ,,resnet7 accr$it$ ,en]gy ,sm>t ,home ,p]=mance ,team1 or 7iii7 accr$it$ by an equival5t c]tification program approv$ by ! ,secret>y1 aft] consultation ) ! ,secret>y ( ,en]gy1 = ?is purpose1 7,b7 in/all a set ( measures model$ to a*ieve a r$uction 9 en]gy use ( at lea/ #bj p]c5t bel[ ! basel9e en]gy use e/abli%$ 9 subp>agraph 7,c71 us+ comput] model+ s(tw>e approv$ "u p>agraph 7#b71 7,c7 e/abli% ! basel9e en]gy use by calibrat+ ! model us+ sections #c & #d & ,annex ,d ( ,,bpi ,/&>d ,,bpi-#bdjj-,s-#bjaa3 ,/&>diz$ ,qualification ( ,:ole ,h\se ,en]gy ,sav+s ,e/imates1 or an equival5t /&>d approv$ by ! ,secret>y1 aft] consultation ) ! ,secret>y ( ,en]gy1 = ?is purpose1 7,d7 docum5t ! measures implem5t$ 9 ! resid5ce ?r\gh photographs tak5 be=e & aft] ! retr(it1 includ+ photographs ( its visible en]gy sy/ems & envelope z relevant1 & 7,e7 implem5t a te/-out proc$ure1 foll[+ guidel9es ( ! applicable c]tification program specifi$ "u clause 7i7 or 7ii7 ( subp>agraph 7,a71 or equival5t guidel9es approv$ by ! ,secret>y1 aft] consultation ) ! ,secret>y ( ,en]gy1 = ?is purpose1 to ensure-- 7i7 ! safe op]ation ( all sy/ems po/ retr(it1 & 7ii7 t all improvem5ts are includ$ 91 & h be5 in/all$ accord+ to1 /&>ds ( ! applicable c]tification program specifi$ "u clause 7i7 or 7ii7 ( subp>agraph 7,a71 or equival5t /&>ds approv$ by ! ,secret>y1 aft] consultation ) ! ,secret>y ( ,en]gy1 = ?is purpose4 ,= purposes ( subp>agraph 7,a77iii71 an organization or ,/ate may submit an equival5t c]tification program = approval by ! ,secret>y1 9 consultation ) ! ,secret>y ( ,en]gy4 ,! ,secret>y %all approve or d5y su* submission n lat] ?an #ahj days aft] receipt1 &1 if ! ,secret>y fails to respond 9 t "t p]iod1 ! submitt$ equival5t c]tification program %all be consid]$ approv$4 7#b7 ,approv$ model+ s(tw>e ,= purposes ( p>agraph 7#a77;,b71 ! contractor %all use model+ s(tw>e c]tifi$ by ,,resnet z foll[+ ! s(tw>e v]ification te/ suites 9 section #d4b4a ( ,,resnet ,publication ,no4 #jf-jja or c]tifi$ by an alt]native organization z foll[+ an equival5t /&>d1 z approv$ by ! ,secret>y1 aft] consultation ) ! ,secret>y ( ,en]gy1 = ?is purpose4 7#c7 ,docum5tation ,! ,secret>y1 aft] consultation ) ! ,secret>y ( ,en]gy1 %all prescribe regulations direct+ :at specific docum5tation is requir$ to be reta9$ or submitt$ by ! taxpay] 9 ord] to claim ! cr$it "u ?is section1 :i* %all include1 9 addition to ! photographs "u p>agraph 7#a77;,d71 a =m approv$ by ! ,secret>y t is complet$ & sign$ by ! qualifi$ :ole home en]gy effici5cy retr(it contractor "u p5alties ( p]jury4 ,su* =m %all include-- 7,a7 a /atem5t t ! contractor foll[$ ! specifi$ proc$ures = e/abli%+ basel9e en]gy use & e/imat+ r$uction 9 en]gy use1 7,b7 ! "n ( ! s(tw>e us$ = calculat+ ! basel9e en]gy use & r$uction 9 en]gy use1 ! p]c5tage r$uction 9 project$ en]gy sav+s a*iev$1 & a /atem5t t su* s(tw>e 0 c]tifi$ = ?is program by ! ,secret>y1 aft] consultation ) ! ,secret>y ( ,en]gy1 7,c7 a /atem5t t ! contractor w reta9 ! details ( ! calculations & und]ly+ en]gy bills = #e ye>s & w make su* details available = inspection by ! ,secret>y or ! ,secret>y ( ,en]gy1 if s reque/$1 7,d7 a li/ ( measures in/all$ & a /atem5t t all measures includ$ 9 ! r$uction 9 en]gy use e/imate are includ$ 91 & in/all$ accord+ to1 /&>ds ( ! applicable c]tification program specifi$ "u clause 7i7 or 7ii7 ( subp>agraph 7,a71 or equival5t /&>ds approv$ by ! ,secret>y1 aft] consultation ) ! ,secret>y ( ,en]gy1 7,e7 a /atem5t t ! contractor meets ! requirem5ts ( p>agraph 7#a77;,a71 & 7,f7 docum5tation ( ! total co/ ( ! project 9 ord] to comply ) ! limitation "u subsection 7b77#d77;,b74 7e7 ,additional rules ,= purposes ( ?is section-- 7#a7 ,no d\ble b5efit 7,a7 ,9 g5]al ,) respect to any resid5ce1 no cr$it %all be all[$ "u ?is section = any taxable ye> 9 :i* ! taxpay] claims a cr$it "u section #be;,c4 7,b7 ,r5ewable en]gy sy/ems & appliances ,9 ! case ( a r5ewable en]gy sy/em or appliance t qualifies = ano!r cr$it "u ?is *apt]1 ! result+ r$uction 9 en]gy use %all n be tak5 into acc\nt 9 det]m9+ ! p]c5tage en]gy use r$uctions "u subsection 7b74 7,c7 ,no d\ble b5efit = c]ta9 exp5ditures ,! t]m qualifi$ home en]gy effici5cy exp5ditures %all n include any exp5diture = :i* a d$uction or cr$it is claim$ by ! taxpay] "u ?is *apt] = ! taxable ye> or ) respect to :i* ! taxpay] receives any ,f$]al en]gy effici5cy rebate4 7#b7 ,pr9cipal resid5ce ,! t]m pr9cipal resid5ce has ! same mean+ z :5 us$ 9 section #aba4 7#c7 ,special rules ,rules simil> to ! rules "u p>agraphs 7#d71 7#e71 7#f71 7#g71 & 7#h7 ( section #be;,d7e7 & section #be;,c7e77#b7 %all apply1 z det]m9$ by ! ,secret>y1 aft] consultation ) ! ,secret>y ( ,en]gy4 7#d7 ,basis adju/m5ts ,= purposes ( ?is subtitle1 if a cr$it is all[$ "u ?is section ) respect to any exp5diture ) respect to any prop]ty1 ! increase 9 ! basis ( su* prop]ty :i* w\ld 7b = ?is p>agraph7 result f su* exp5diture %all be r$uc$ by ! am\nt ( ! cr$it s all[$4 7#e7 ,election n to claim cr$it ,no cr$it %all be det]m9$ "u subsection 7a7 = ! taxable ye> if ! taxpay] elects n to h subsection 7a7 apply to su* taxable ye>4 7#f7 ,multiple ye> retr(its ,if ! taxpay] has claim$ a cr$it "u ?is section 9 a previ\s taxable ye>1 ! basel9e en]gy use = ! calculation ( r$uc$ en]gy use mu/ be e/abli%$ aft] ! previ\s retr(it has be5 plac$ 9 s]vice4 7f7 ,t]m9ation ,?is section %all n apply ) respect to any co/s paid or incurr$ aft] ,decemb] #ca1 #bjbb4 7g7 ,secret>y review ,! ,secret>y1 aft] consultation ) ! ,secret>y ( ,en]gy1 %all e/abli% a review process = ! retr(its p]=m$1 includ+ an e/imate ( ! usage ( ! cr$it & a /ati/ically valid analysis ( ! av]age actual en]gy use r$uctions1 utiliz+ utility bill data collect$ on a volunt>y basis1 & report to ,congress n lat] ?an ,june #cj1 #bjaf1 any f9d+s & recomm5dations =-- 7#a7 improvem5ts to ! effectiv5ess ( ! cr$it "u ?is section1 & 7#b7 expansion ( ! cr$it "u ?is section to r5tal units4 4 7b7 ,con=m+ am5dm5ts 7#a7 ,section #ajaf7;a7 is am5d$-- 7,a7 by /rik+ & at ! end ( p>agraph 7#cf71 7,b7 by /rik+ ! p]iod at ! end ( p>agraph 7#cg7 & ins]t+ 1 &1 & 7,c7 by add+ at ! end ! foll[+ new p>agraph3 7#ch7 to ! ext5t provid$ 9 section #be;,e7e77#d71 9 ! case ( am\nts ) respect to :i* a cr$it has be5 all[$ "u section #be;,e4 4 7#b7 ,section #feja7m7 is am5d$ by ins]t+ #be;,e7e77#e71 aft] section4 7#c7 ,! table ( sections = subp>t ,a ( "p ,,iv ( sub*apt] ,a *apt] #a is am5d$ by ins]t+ aft] ! item relat+ to section #be;,d ! foll[+ new item3 ,sec4 #be;,e4 ,p]=mance bas$ en]gy improvem5ts4 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to am\nts paid or incurr$ = a qualifi$ :ole home en]gy effici5cy retr(it plac$ 9 s]vice aft] ,decemb] #ca1 #bjac4 #bjf4 ,ext5sion ( new en]gy effici5t home cr$it 7a7 ,9 g5]al ,subsection 7g7 ( section #de,l ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ ,decemb] #ca1 #bjac & ins]t+ ,decemb] #ca1 #bjbb4 7b7 ,effective date ,! am5dm5t made by ?is section %all apply to homes acquir$ aft] ,decemb] #ca1 #bjac4 #bjg4 ,ext5sion & modification ( en]gy effici5t comm]cial build+s d$uction 7a7 ,9 g5]al ,subsection 7h7 ( section #agi;,d ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ ,decemb] #ca1 #bjac & ins]t+ ,decemb] #ca1 #bjbb4 7b7 ,increase 9 d$uction limitations 7#a7 ,9 g5]al ,subp>agraph 7,a7 ( section #agi;,d7b77#a7 ( su* ,code is am5d$ by /rik+ #a4hj & ins]t+ #c4jj4 7#b7 ,p>tial pay ,subp>agraph 7,a7 ( section #agi;,d7d77#a7 is am5d$ by /rik+ sub/itut+ 4#fj = #a4hj4 & ins]t+ sub/itut+ #a4jj = #c4jj44 7#c7 ,r$uc$ am\nt = l[] effici5cy prop]ty ,subsection 7d7 ( section #agi;,d ( su* ,code is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#a7 #cj to #ej p]c5t prop]ty ,9 ! case ( prop]ty :i* w\ld be en]gy effici5t comm]cial build+ prop]ty 7 subsection 7c77#a77;,d7 appli$ by sub/itut+ m ?an #cj p]c5t & less ?an #ej p]c5t = #ej p]c5t or m1 subsection 7b7 %all be appli$ to su* prop]ty by sub/itut+ #a4hj = #c4jj4 4 7c7 ,updat+ p>tial all[ance regulations ,subp>agraph 7,b7 ( section #agi;,d7d77#a7 ( su* ,code is am5d$ by add+ at ! end ! foll[+3 ,n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ! ,clean ,en]gy ,victory ,bond ,act ( #bjad1 & e ?ree ye>s !reaft]1 ! ,secret>y %all1 aft] consultation ) ! ,secret>y ( ,en]gy1 update ! t>gets = su* sy/ems 9 su* a mann] z ! ,secret>y det]m9es w enc\rage innovation 9 comm]cial build+ en]gy effici5cy44 7d7 ,effective date ,! am5dm5t made by ?is section %all apply to prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjac4 #bjh4 ,plug-9 electric vehicle grants 9 lieu ( tax cr$its 7a7 ,9 g5]al ,! ,secret>y ( ,en]gy1 9 consultation ) ! ,secret>y ( ! ,treasury1 %all e/abli% a volunt>y program ?r\gh :i* ! ,secret>y ( ,en]gy %all-- 7#a7 au?orize ! issuance ( an electronic v\*] to (fset ! pur*ase price ( a qualifi$ plug-9 electric vehicle or a new qualifi$ plug-9 electric drive motor vehicle pur*as$ f a deal] p>ticipat+ 9 ! program2 7#b7 regi/] deal]s = p>ticipation 9 ! program & require t all deal]s s regi/]$ accept su* v\*]s z p>tial paym5t or d[n paym5t = ! pur*ase ( any su* vehicle (f]$ = sale by su* deal]2 7#c7 make electronic paym5ts to deal]s = eligible transactions by su* deal]s2 & 7#d7 9 consultation ) ! ,inspector ,g5]al ( ! ,dep>tm5t ( ,transportation e/abli% & provide = ! en=cem5t ( measures to prev5t & p5alize fraud "u ! program4 7b7 ,v\*] limitations ,a v\*] issu$ "u ! program %all h a value t may be appli$ to (fset ! pur*ase price ( a vehicle by-- 7#a7 9 ! case ( a qualifi$ plug-9 electric vehicle1 #b1ejj2 or 7#b7 9 ! case ( a new qualifi$ plug-9 electric drive motor vehicle1 #b1ejj plus an am\nt det]m9$ ) respect to ! vehicle "u section #cj;,d7b77#c7 ( ! ,int]nal ,rev5ue ,code ( #aihf4 7c7 ,treat$ z advance paym5t ( cr$it ,use ( a v\*] "u ! program to (fset ! pur*ase price ( a vehicle %all1 = purposes ( ! ,int]nal ,rev5ue ,code ( #aihf1 be treat$ z advance paym5t ( ! cr$it all[$ "u section #cj or #cj;,d ( su* ,code1 z ! case may be1 & ! am\nt ( cr$it :i* w\ld 7b = ?is p>agraph7 be all[able ) respect to su* vehicle "u ei!r su* section %all be r$uc$ 7b n bel[ z]o7 by ! am\nt ( ! v\*] s us$4 7d7 ,def9itions & special rules ,= purposes ( ?is section-- 7#a7 ,qualifi$ plug-9 electric vehicle ,! t]m qualifi$ plug-9 electric vehicle %all h ! mean+ giv5 su* t]m by section #cj7;d7 ( ! ,int]nal ,rev5ue ,code ( #aihf4 7#b7 ,new qualifi$ plug-9 electric drive motor vehicle ,! t]m new qualifi$ plug-9 electric drive motor vehicle %all h ! mean+ giv5 su* t]m by section #cj;,d7d7 ( su* ,code4 7#c7 ,no comb9ation ( v\*]s ,only #a v\*] issu$ "u ! program may be appli$ t[>d ! pur*ase ( a s+le vehicle4 7#d7 ,comb9ation ) o!r inc5tives p]mitt$ ,! availability or use ( a ,f$]al1 ,/ate1 or local inc5tive or a ,/ate-issu$ v\*] = ! pur*ase ( any vehicle %all n limit ! value or issuance ( a v\*] "u ! program to any p]son o!rwise eligible to receive su* a v\*]4 7#e7 ,no additional fees ,a deal] p>ticipat+ 9 ! program may n *>ge a p]son pur*as+ a vehicle any additional fees associat$ ) ! use ( a v\*] "u ! program4 7#f7 ,application ( c]ta9 rules ,rules simil> to ! rules ( p>agraphs 7#a71 7#b71 7#c71 7#d71 & 7#e7 ( section #cj7;e7 ( su* ,code %all apply = purposes ( ?is section4 7e7 ,t]m9ation & phase\t 7#a7 ,t]m9ation = qualifi$ plug-9 electric vehicles ,?is section %all n apply to any qualifi$ plug-9 electric vehicle acquir$ aft] ,decemb] #ca1 #bjag4 7#b7 ,phase\t = new qualifi$ plug-9 electric drive motor vehicle ,! am\nt ( any v\*] ) respect to any new qualifi$ plug 9 electric drive motor vehicle %all be r$uc$ z provid$ 9 section #cj;,d7e7 ( ! ,int]nal ,rev5ue ,code ( #aihf4 7f7 ,regulations ,! ,secret>y ( ,en]gy1 9 consultation ) ! ,secret>y ( ! ,treasury1 %all prescribe su* regulations z may be necess>y or appropriate to c>ry out ! purposes ( ?is section4