Phase-out of clean electricity investment credit

(a) In general Section 48E(e) 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 The amount of the clean electricity investment credit under subsection (a) with respect to any qualified investment in a qualified facility which generates electricity using wind or solar energy shall be equal to the product of— (A) the amount of the credit determined under subsection (a) without regard to this subsection, multiplied by (B) in the case of a facility placed in service— (i) during the first calendar year beginning after the date of the enactment of the Ending Intermittent Energy Subsidies Act of 2025, 80 percent, (ii) during the second calendar year beginning after the date of the enactment of the Ending Intermittent Energy Subsidies Act of 2025, 60 percent, (iii) during the third calendar year beginning after the date of the enactment of the Ending Intermittent Energy Subsidies Act of 2025, 40 percent, (iv) during the fourth calendar year beginning after the date of the enactment of the Ending Intermittent Energy Subsidies Act of 2025, 20 percent, or (v) after such fourth calendar year, zero percent,. (b) Effective date The amendments made by this section shall apply to property placed in service after the date of the enactment of this Act.