The credit ends for wind and solar facilities placed in service after 2027
What the document says“This section shall not apply with respect to any applicable facility placed in service after December 31, 2027.”
The section amends section 45Y(d) of the Internal Revenue Code of 1986 to make the phase out subject to a new paragraph, fixes the applicable year at calendar year 2032, and adds a termination under which the section does not apply to a facility placed in service after December 31, 2027 that uses wind or solar energy to produce electricity, judged without regard to any construction start date requirement in section 45.
What the document actually says“This section shall not apply with respect to any applicable facility placed in service after December 31, 2027.”
The credit does not reach a covered plant put to use after December 31, 2027.
A covered plant is one that runs on wind or sun. The test turns on when it starts running. Other kinds of plant are not touched here.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.