Sec. 329. Permanent extension, modification, and refundability of credit for residential energy efficient property

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Section 25D of the Internal Revenue Code of 1986 is amended by striking subsection (h). Paragraph

(3)of section 25D(g) of the Internal Revenue Code of 1986 is amended by striking and before January 1, 2022, . Section 25D(a) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: 30 percent of the qualified energy storage property expenditures made by the taxpayer during the taxable year. . Section 25D(d) of such Code is amended by adding at the end the following new paragraph: The term qualified energy storage property expenditure means an expenditure for property— which is— located in a dwelling unit located in the United States and used by the taxpayer as a residence, directly connected to the electrical grid, and designed to receive electrical energy, to store such energy, and— to convert such energy to electricity and deliver such electricity for sale, or to use such energy to provide improved reliability or economic benefits to the grid, or which is— part of a dwelling unit located in the United States which is— connected to the electrical grid, and used by the taxpayer as a residence, connected to— qualified solar electric property, or qualified small wind energy property, and designed to receive electrical energy, store such energy, and to convert such energy to electricity for use by the taxpayer. . The Internal Revenue Code of 1986 is amended— by redesignating section 25D as section 36D, and by moving section 36D (as amended by subsections

(a)and

(b)and as redesignated by subparagraph (A)) from subpart A of part IV of subchapter A of chapter 1 to the location immediately before section 37 in subpart C of part IV of subchapter A of chapter 1 (as amended by section 323). Section 36C(e)(1) of the Internal Revenue Code of 1986 (as redesignated by section 323) is amended by striking 25D(e) and inserting 36D(e) . Section 45(d)(1) of such Code is amended by striking section 25D and inserting section 36D . Section 1016(a)(34) of such Code is amended— by striking section 25D(f) and inserting section 36D(f) , and by striking under section 25D and inserting under section 36D . The table of sections for subpart A of part IV of subchapter A of chapter 1 of such Code is amended by striking the item relating to section 25D. Paragraph

(2)of section 1324(b) of title 31, United States Code, as amended by this Act, is amended by inserting 36D, after 36C, . The table of sections for subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986, as amended by this Act, is amended by inserting after the item relating to section 36C the following new item: 36D. Residential energy efficient property. . The amendments made by this section shall apply to property placed in service after December 31, 2016.