This bill extends a federal tax credit that helps pay for fuel cell power systems. Right now, people and businesses can get up to 30% off the cost through an energy investment tax credit, as long as construction starts by the end of 2024. The bill pushes that deadline out eight more years, so projects that start construction by the end of 2032 can still qualify. The change takes effect for fuel cell projects that begin construction after December 31, 2024, and it updates the law so eligibility runs until January 1, 2033.

In short, it keeps the fuel cell tax break going much longer, making it easier to plan and finance clean energy projects.

• Who is affected: Homeowners, businesses, and facilities that install qualified fuel cell systems.
• What changes: The 30% energy investment tax credit for qualified fuel cell property is extended; construction can begin through December 31, 2032.
• When: Applies to projects starting after December 31, 2024, with eligibility continuing until January 1, 2033.