Details of Public Law 116-260, section 203 , Waste Energy Recovery Property Eligible for Energy Credit

The provision adds waste energy recovery property to the list of types of energy property included in the energy credit and specifies that the 30-percent energy credit would apply to waste energy recovery property.

The provision phases out the 30-percent energy credit by reducing the credit percentage for each to 26 percent for any such property placed in service after 12/31/2021, and before 1/1/2023; and to 22 percent for any such property placed in service after 12/31/2022, and before 1/1/2024. Such property that is not placed in service before 1/1/2026, shall not be eligible for an energy credit.