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Udall Introduces Bill to Encourage Colorado Communities to Develop Solar Energy Projects

Udall Introduces Bill to Encourage Colorado Communities to Develop Solar Energy Projects

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Published by Mark Udall
Mark Udall, who serves on the U.S. Senate Energy and Natural Resources Committee, re-introduced his Solar Uniting Neighborhoods (SUN) Act today. The bill, developed based on ideas from Udall's 2010 Colorado Energy Summit, would encourage homeowners throughout Colorado to buy into solar community projects by making them eligible for the same renewable energy tax credit homeowners receive when they install solar panels on their homes.
Mark Udall, who serves on the U.S. Senate Energy and Natural Resources Committee, re-introduced his Solar Uniting Neighborhoods (SUN) Act today. The bill, developed based on ideas from Udall's 2010 Colorado Energy Summit, would encourage homeowners throughout Colorado to buy into solar community projects by making them eligible for the same renewable energy tax credit homeowners receive when they install solar panels on their homes.

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Published by: Mark Udall on Sep 24, 2013
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01/24/2014

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II
113
TH
CONGRESS1
ST
S
ESSION
 
S. 1225
To amend the Internal Revenue Code of 1986 to provide that solar energy property need not be located on the property with respect to whichit is generating electricity in order to qualify for the residential energy efficient property credit.
IN THE SENATE OF THE UNITED STATES
J
UNE
26, 2013Mr. U
DALL
of Colorado introduced the following bill; which was read twiceand referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to providethat solar energy property need not be located on theproperty with respect to which it is generating electricity in order to qualify for the residential energy efficientproperty credit.
 Be it enacted by the Senate and House of Representa-
1
tives of the United States of America in Congress assembled,
2
SECTION 1. SHORT TITLE.
3
This Act may be cited as the ‘‘Solar Uniting Neigh-
4
 borhoods (SUN) Act of 2013’’.
5
VerDate Mar 15 2010 00:16 Jul 02, 2013Jkt 029200PO 00000Frm 00001Fmt 6652Sfmt 6201E:\BILLS\S1225.ISS1225
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2
S 1225 IS
SEC. 2. CLARIFICATION WITH RESPECT TO LOCATION OF
1
SOLAR ELECTRIC PROPERTY.
2
(a) I
N
G
ENERAL
.—Paragraph (2) of section 25D(d)
3
of the Internal Revenue Code of 1986 is amended to read
4
as follows:
5
‘‘(2) Q
UALIFIED SOLAR ELECTRIC PROPERTY 
 
6
EXPENDITURE
.—
7
‘‘(A) I
N GENERAL
.—The term ‘qualified
8
solar electric property expenditure’ means an
9
expenditure for property which uses solar en-
10
ergy to generate electricity—
11
‘‘(i) for use in a dwelling unit located
12
in the United States and used as a resi-
13
dence by the taxpayer, or
14
‘‘(ii) which enters the electrical grid at
15
any point which is not more than 50 miles
16
from the point at which such a dwelling 
17
 unit used as a residence by the taxpayer is
18
connected to such grid, but only if such
19
property is not used in a trade or business
20
of the taxpayer or in an activity with re-
21
spect to which a deduction is allowed to
22
the taxpayer under section 162 or para-
23
graph (1) or (2) of section 212.
24
‘‘(B) R
ECAPTURE
.—The Secretary may 
25
provide for the recapture of the credit under
26
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3
S 1225 IS
this subsection with respect to any property de-
1
scribed in clause (ii) of subparagraph (A) which
2
ceases to satisfy the requirements of such
3
clause.’’.
4
(b) L
IMITATION
 W 
ITH
R
ESPECT TO
O
FF
-S
ITE
S
OLAR
 
5
P
ROPERTY 
.—Subsection (b) of section 25D of the Internal
6
Revenue Code of 1986 is amended by adding at the end
7
the following new paragraph:
8
‘‘(3) M
 AXIMUM CREDIT FOR OFF
-
SITE SOLAR
 
9
PROPERTY 
.—In the case of any qualified solar elec-
10
tric property expenditure which is such an expendi-
11
ture by reason of clause (ii) of subsection (d)(2)(A),
12
the credit allowed under subsection (a) (determined
13
 without regard to subsection (c)) for any taxable
14
 year with respect to all such expenditures shall not
15
exceed $50,000.’’.
16
(c) E
FFECTIVE
D
 ATE
.—The amendments made by 
17
this section shall apply to taxable years beginning after
18
the date of the enactment of this Act.
19
SEC. 3. CLARIFICATION WITH RESPECT TO LOCATION OF
20
SOLAR WATER HEATING PROPERTY.
21
(a) I
N
G
ENERAL
.—Section 25D(d)(1) of the Internal
22
Revenue Code of 1986 is amended—
23
(1) by striking ‘‘The term’’ and inserting the
24
following:
25
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