Back to all bills
S 1043119th CongressIn Committee
A bill to amend the Internal Revenue Code of 1986 to extend the energy credit for qualified fuel cell property.
Introduced: Mar 13, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
This bill would extend the federal energy credit for qualified fuel cell property by moving the sunset date. Specifically, it changes the expiration date in the Internal Revenue Code for the credit related to fuel cells from January 1, 2025 to January 1, 2033. The extension applies to property whose construction begins after December 31, 2024. In short, it preserves and lengthens federal tax support for installing fuel cell electricity generation equipment, giving project developers and manufacturers a longer horizon to plan and invest.
Key Points
- 1Extends the energy credit for qualified fuel cell property by changing the sunset date from January 1, 2025 to January 1, 2033.
- 2Applies to property the construction of which begins after December 31, 2024 (i.e., projects starting construction in 2025 onward are eligible under the extended timeline).
- 3The bill does not modify the credit amount, eligibility criteria, or other terms of the fuel cell energy credit; it only extends the deadline.
- 4Introduced in the Senate as S. 1043 on March 13, 2025; sponsored by Senator Graham (with Senator Blumenthal) and referred to the Committee on Finance.
- 5The change is a technical/behavioral policy adjustment intended to encourage continued investment in fuel cell technology.
Impact Areas
Primary: Businesses and developers financing and deploying qualified fuel cell power systems (e.g., commercial, industrial, or institutional projects) that rely on the Section 48 energy credit.Secondary: Fuel cell manufacturers, installers, engineers, and construction firms benefiting from the tax credit as part of project economics.Additional impacts: Potential increases in clean-energy investment and jobs in the fuel cell sector; potential effects on federal tax revenue due to an extended credit; alignment with broader decarbonization and energy reliability goals by encouraging investment in fuel cell technology.
Generated by gpt-5-nano on Nov 18, 2025