,,ii  #aag? ,,congress  #a/ ,session    
,s4 #cjia  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,octob] #bg1 #bjba,mr4 
,oss(f 7= himself1 ,mr4 ,w>nock1 ,ms4   
,/ab5[1 & ,mr4 ,b5net7 introduc$ !      
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,f9ance  ,a ,,bill   
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to e/abli% ! advanc$ sol>         
manufactur+ production cr$it4  #a4 ,%ort
 title ,?is ,act may be cit$ z ! ,sol>  
,en]gy ,manufactur+ = ,am]ica ,act4  #b4
 ,advanc$ sol> manufactur+ production   
cr$it  7a7 ,9 g5]al ,subp>t ,c ( "p ,,iv
 ( sub*apt] ,a ( *apt] #a ( ! ,int]nal  
,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+ new section3  #cf;,c4 
,advanc$ sol> manufactur+ production    
cr$it  7a7 ,9 g5]al  7#a7 ,all[ance (   
cr$it ,!re %all be all[$ z a cr$it aga9/
 ! tax impos$ by ?is subtitle = any     
taxable ye> an am\nt equal to ! sum ( ! 
cr$it am\nts det]m9$ "u subsection 7b7 )
 respect to ea* sol> compon5t :i* is--  
7,a7 produc$ by su* taxpay]1 &  7,b7    

dur+ ! taxable ye>-- 7i7 sold by !      
taxpay] to-- 7,i7 an unrelat$ p]son1 or 
7,,ii7 a relat$ p]son = ! use ( su*     
p]son 9 _! trade or bus9ess 7) !        
exception ( any trade or bus9ess relat$ 
to resale ( su* sol> compon5t )\t any   
subsequ5t modification1 assembly1 or    
integration into a project71 or  7ii7   
plac$ 9 s]vice or op]ation by ! taxpay] 
or any o!r p]son4  7#b7 ,production &   
sale mu/ be 9 trade or bus9ess ,any sol>
 compon5t produc$ & sold by ! taxpay]   
%all be tak5 into acc\nt only if !      
production & sale describ$ 9 p>agraph   
7#a7 is 9 a trade or bus9ess ( !        
taxpay]4  7b7 ,cr$it am\nt  7#a7 ,9     
g5]al ,subject to p>agraph 7#c71 ! am\nt
 det]m9$ "u ?is subsection ) respect to 
any sol> compon5t %all be equal to--    
7,a7 9 ! case ( an integrat$ module1 an 
am\nt equal to ! product (-- 7i7 #aa    
c5ts1 multipli$ by  7ii7 ! capacity (   
su* module 7express$ on a p] direct     
curr5t watt basis71  7,b7 9 ! case ( a  
photovoltaic cell1 an am\nt equal to !  

product (-- 7i7 #d c5ts1 multipli$ by   
7ii7 ! capacity ( su* cell 7express$ on 
a p] direct curr5t watt basis71  7,c7 9 
! case ( a photovoltaic waf]1 #ab p]    
squ>e met]1  7,d7 9 ! case ( sol> grade 
polysilicon1 #c p] kilogram1  7,e7 9 !  
case ( a sol> module :i* is n an        
integrat$ module1 an am\nt equal to !   
product (-- 7i7 #g c5ts1 multipli$ by   
7ii7 ! capacity ( su* module 7express$  
on a p] direct curr5t watt basis71  7,f7
 9 ! case ( a sol> track] torque tube1  
an am\nt equal to ! product (-- 7i7 #hg 
c5ts1 multipli$ by  7ii7 ! mass ( su*   
torque tube 7express$ on a p] kilogram  
basis71  7,g7 9 ! case ( a sol> track]  
longitud9al purl91 an am\nt equal to !  
product (-- 7i7 #hg c5ts1 multipli$ by  
7ii7 ! mass ( su* longitud9al purl9     
7express$ on a p] kilogram basis71  7,h7
 9 ! case ( a sol> /ructural fa/5]1 an  
am\nt equal to ! product (-- 7i7 #b4bh1 
multipli$ by  7ii7 ! mass ( su*         
/ructural fa/5] 7express$ on a p]       
kilogram basis71 &  7,i7 9 ! case ( an  

inv]t]1 an am\nt equal to ! product (-- 
7i7 ! applicable am\nt1 multipli$ by    
7ii7 ! capacity ( su* inv]t] 7express$  
on a p] alt]nat+ curr5t watt basis74    
7#b7 ,applicable am\nt ,= purposes (    
p>agraph 7#a77;,i71 ! applicable am\nt )
 respect to any inv]t] %all be-- 7,a7 9 
! case ( a c5tral inv]t]1 #j4be c5ts1   
7,b7 9 ! case ( a utility-scale inv]t]1 
#a4e c5ts1  7,c7 9 ! case ( a comm]cial 
inv]t]1 #b c5ts1  7,d7 9 ! case ( a     
resid5tial inv]t]1 #f4e c5ts1 &  7,e7 9 
! case ( a micro9v]t]1 #aa c5ts4  7#c7  
,phase out  7,a7 ,9 g5]al ,9 ! case (   
any sol> compon5t sold aft] ,decemb]    
#ca1 #bjbh1 ! am\nt det]m9$ "u ?is      
subsection ) respect to su* compon5t    
%all be equal to ! product (-- 7i7 !    
am\nt det]m9$ "u p>agraph 7#a7 ) respect
 to su* compon5t1 z det]m9$ )\t reg>d to
 ?is p>agraph1 multipli$ by  7ii7 !     
phase out p]c5tage "u subp>agraph 7,b74 
7,b7 ,phase out p]c5tage ,! phase out   
p]c5tage "u ?is subp>agraph is equal    
to-- 7i7 9 ! case ( a sol> compon5t sold

 dur+ cal5d> ye> #bjbi1 #gj p]c5t1  7ii7
 9 ! case ( a sol> compon5t sold dur+   
cal5d> ye> #bjcj1 #ce p]c5t1 &  7iii7 9 
! case ( a sol> compon5t sold aft]      
,decemb] #ca1 #bjcj1 #j p]c5t4  7c7     
,def9itions & o!r rules ,9 ?is section--
 7#a7 ,sol> compon5t ,! t]m sol>        
compon5t means any prop]ty describ$ 9   
p>agraph 7#b74  7#b7 ,o!r def9itions    
7,a7 ,integrat$ module ,! t]m integrat$ 
module means a sol> module produc$ by a 
s+le manufactur] ?r\gh ! conv]sion ( a  
photovoltaic waf] or o!r semiconductor  
mat]ial into an end product :i* is-- 7i7
 suitable to g5]ate electricity :5      
expos$ to sunlight1 &  7ii7 ready =     
in/allation )\t additional manufactur+  
processes4  7,b7 ,photovoltaic cell ,!  
t]m photovoltaic cell means ! smalle/   
semiconductor elem5t ( a sol> module :i*
 p]=ms ! imm$iate conv]sion ( light into
 electricity4  7,c7 ,photovoltaic waf]  
,! t]m photovoltaic waf] means a ?9     
slice or %eet ( semiconductor mat]ial ( 
at lea/ #bdj squ>e c5timet]s produc$ by 

a s+le manufactur]-- 7i7 ei!r-- 7,i7    
directly f molt5 sol> grade polysilicon1
 or  7,,ii7 ?r\gh =mation ( an +ot f    
molt5 polysilicon & subsequ5t slic+1 &  
7ii7 :i* comprises ! sub/rate ( a       
photovoltaic cell4  7,d7 ,sol> grade    
polysilicon ,! t]m sol> grade           
polysilicon means silicon :i* is-- 7i7  
suitable = use 9 photovoltaic           
manufactur+1 &  7ii7 purifi$ to a m9imum
 purity ( #ii4iiiiii p]c5t silicon by   
mass4  7,e7 ,sol> module ,! t]m sol>    
module means ! connection & lam9ation ( 
photovoltaic cells into an              
environm5tally protect$ f9al assembly   
:i* is-- 7i7 suitable to g5]ate         
electricity :5 expos$ to sunlight1 &    
7ii7 ready = in/allation )\t an         
additional manufactur+ process4  7,f7   
,sol> track] compon5ts  7i7 ,9 g5]al ,! 
t]m sol> track] means a /ructural       
support elem5t :i* supports &           
me*anically moves sol> panels to v>y+   
angles ) respect to ! position ( ! sun  
to optimize sol> panel output ?r\gh\t ! 

day4  7ii7 ,sol> track] torque tube ,!  
t]m sol> track] torque tube means a     
tubul> /ructural /eel support elem5t (  
any cross-sectional %ape :i*-- 7,i7 is  
"p ( a sol> track]1  7,,ii7 may be      
assembl$ f individually manufactur$     
segm5ts1  7,,iii7 spans longitud9ally   
betwe5 f\ndation po/s1  7,,iv7 supports 
a sol> panel 7) or )\t ! use (          
additional support rails71 &  7,v7 is   
rotat$ by means ( a drive sy/em4  7iii7 
,sol> track] longitud9al purl9 ,! t]m   
sol> track] longitud9al purl9 means a   
/ructural /eel support elem5t :i*       
satisfies ! conditions describ$ 9       
subclauses 7,i7 ?r\gh 7,v7 ( clause     
7ii74  7iv7 ,sol> /ructural fa/5] ,! t]m
 sol> /ructural fa/5] means a compon5t  
:i* is us$ to connect-- 7,i7 segm5ts ( a
 sol> track] torque tube or sol> track] 
longitud9al purl91  7,,ii7 ! me*anical &
 drive sy/em compon5ts ( a sol> track]  
to ! f\ndation ( su* sol> track]1 or    
7,,iii7 sol> track] torque tubes or sol>
 track] longitud9al purl9s to drive     

assemblies4  7,g7 ,inv]t]s  7i7 ,9 g5]al
 ,! t]m inv]t] means an end product :i* 
is suitable to conv]t direct curr5t     
electricity into alt]nat+ curr5t        
electricity4  7ii7 ,c5tral inv]t] ,! t]m
 c5tral inv]t] means an inv]t] :i* is   
suitable = l>ge utility-scale sy/ems &  
has a capacity :i* is great] ?an #a1ejj 
kil[atts 7express$ on a p] alt]nat+     
curr5t watt basis74  7iii7 ,comm]cial   
inv]t] ,! t]m comm]cial inv]t] means an 
inv]t] :i*-- 7,i7 is suitable =         
comm]cial applications1  7,,ii7 has a   
rat$ output ( #bjh1 #dhj1 or #fjj volt  
?ree-phase p[]1 &  7,,iii7 has a        
capacity :i* is n less ?an #bj kil[atts 
& n great] ?an #agj kil[atts 7express$  
on a p] alt]nat+ curr5t watt basis74    
7iv7 ,micro9v]t] ,! t]m micro9v]t] means
 an inv]t] :i*-- 7,i7 is suitable to    
connect ) at lea/ "o integrat$ module or
 sol> module1  7,,ii7 has a rat$ output 
( #abj volt s+le-phase p[]1 &  7,,iii7  
has a capacity :i* is n great] ?an #fej 
watts 7express$ on a p] alt]nat+ curr5t 

watt basis74  7v7 ,resid5tial inv]t] ,! 
t]m resid5tial inv]t] means an inv]t]   
:i*-- 7,i7 is suitable to connect ) at  
lea/ "o integrat$ module or sol> module 
= a resid5ce1  7,,ii7 has a rat$ output 
( #abj volt s+le-phase p[]1 &  7,,iii7  
has a capacity :i* is n great] ?an #bj  
kil[atts 7express$ on a p] alt]nat+     
curr5t watt basis74  7vi7 ,utility-scale
 inv]t] ,! t]m utility-scale inv]t]     
means an inv]t] :i*-- 7,i7 is suitable =
 l>ge utility-scale sy/ems1  7,,ii7 has 
a rat$ output ( n less ?an #dhj volt    
?ree-phase p[]1 &  7,,iii7 has a        
capacity :i* is great] ?an #agj kil[atts
 & n great] ?an #a1ejj kil[atts         
7express$ on a p] alt]nat+ curr5t watt  
basis74  7#c7 ,relat$ p]sons ,p]sons    
%all be treat$ z relat$ to ea* o!r if   
su* p]sons w\ld be treat$ z a s+le      
employ] "u ! regulations prescrib$ "u   
section #eb7;b74 ,9 ! case ( a          
corporation :i* is a memb] ( an         
affiliat$ gr\p ( corporations fil+ a    
consolidat$ return1 su* corporation %all

 be treat$ z sell+ compon5ts to an      
unrelat$ p]son if su* compon5t is sold  
to su* a p]son by ano!r memb] ( su*     
gr\p4  7#d7 ,only production 9 ! ,unit$ 
,/ates tak5 into acc\nt ,sales %all be  
tak5 into acc\nt "u ?is section only )  
respect to sol> compon5ts ! production (
 :i* is )9-- 7,a7 ! ,unit$ ,/ates 7)9 ! 
mean+ ( section #fch7a771 or  7,b7 a    
possession ( ! ,unit$ ,/ates 7)9 ! mean+
 ( section #fch7b774  7#e7 ,pass-?ru 9 !
 case ( e/ates & tru/s ,"u regulations  
prescrib$ by ! ,secret>y1 rules simil>  
to ! rules ( subsection 7d7 ( section   
#eb %all apply4  7d7 ,regi/ration  7#a7 
,9 g5]al ,! ,secret>y %all require any  
p]son claim+ tax b5efits "u ! provisions
 ( ?is section to regi/] ) ! ,secret>y  
at su* "t1 9 su* =m & mann]1 & subject  
to su* t]ms & conditions1 z ! ,secret>y 
may by regulations prescribe4 ,a        
regi/ration "u ?is subsection may be us$
 only 9 accordance ) regulations        
prescrib$ "u ?is subsection4  7#b7      
,regi/ration 9 ev5t ( *ange 9 own]%ip   

,"u regulations prescrib$ by !          
,secret>y1 a p]son 7o!r ?an a           
corporation ! /ock ( :i* is regul>ly    
trad$ on an e/abli%$ securities m>ket7  
%all be requir$ to re-regi/] "u ?is     
subsection if aft] a transaction 7or    
s]ies ( relat$ transactions7 m ?an #ej  
p]c5t ( own]%ip int]e/s 91 or assets (1 
su* p]son are held by p]sons o!r ?an    
p]sons 7or p]sons relat$ !reto7 :o held 
m ?an #ej p]c5t ( su* int]e/s or assets 
be=e ! transaction 7or s]ies ( relat$   
transactions74  7#c7 ,d5ial1 revocation1
 or susp5sion ( regi/ration ,rules      
simil> to ! rules ( section #dbbb7;c7   
%all apply to regi/ration "u ?is        
section4  7#d7 ,in=mation report+ ,!    
,secret>y may require-- 7,a7 in=mation  
report+ by any p]son regi/]$ "u ?is     
subsection1 &  7,b7 in=mation report+ by
 su* o!r p]sons z ! ,secret>y deems     
necess>y to c>ry out ?is section4  4    
7b7 ,con=m+ am5dm5ts  7#a7 ,section     
#fbaa7;b77#d77;,a7 ( ! ,int]nal ,rev5ue 
,code ( #aihf is am5d$ by ins]t+ #cf;,c1

 aft] #cf;,b14  7#b7 ,p>agraph 7#b7 (   
section #acbd7;b7 ( title #ca1 ,unit$   
,/ates ,code1 is am5d$ by ins]t+ #cf;,c1
 aft] #cf;,b14  7#c7 ,! table ( sections
 = subp>t ,c ( "p ,,iv ( sub*apt] ,a (  
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by ins]t+ aft] ! item    
relat+ to section #cf;,b ! foll[+ new   
item3  ,sec4 #cf;,c4 ,advanc$ sol>      
manufactur+ production cr$it4  4  7c7   
,effective date ,! am5dm5ts made by ?is 
section %all apply to compon5ts produc$ 
& sold aft] ,decemb] #ca1 #bjba4