Phase-out of clean electricity production credit with respect to solar and wind power

(a) In general Section 45Y(d) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (4) Special rule for solar and wind energy In the case of electricity produced from solar or wind energy, the amount of the credit determined under subsection (a) (determined without regard to this paragraph) shall be equal to the product of the amount otherwise so determined, multiplied by— (A) in the case of electricity produced during the first calendar year beginning after the date of the enactment of the Ending Intermittent Energy Subsidies Act of 2025, 80 percent, (B) in the case of electricity produced during the second calendar year beginning after the date of the enactment of the Ending Intermittent Energy Subsidies Act of 2025, 60 percent, (C) in the case of electricity produced during the third calendar year beginning after the date of the enactment of the Ending Intermittent Energy Subsidies Act of 2025, 40 percent, (D) in the case of electricity produced during the fourth calendar year beginning after the date of the enactment of the Ending Intermittent Energy Subsidies Act of 2025, 20 percent, or (E) in the case of electricity produced after such fourth calendar year, zero percent,. (b) Effective date The amendments made by this section shall apply to electricity produced after the date of the enactment of this Act.