A bill to amend the Internal Revenue Code of 1986 to extend the clean electricity production credit and the clean electricity investment credit based on increases in the price of, and demand for, electricity, and for other purposes.

This bill extends two federal clean energy tax credits for electricity production and investment by allowing them to be renewed when electricity prices or demand rise significantly. It directly affects homeowners, businesses, and energy companies that install or produce clean electricity systems by providing tax incentives during periods of high energy costs. The key mechanism involves the Energy Information Administration tracking national electricity prices and sales, with the Treasury Secretary determining if a year qualifies as a price or demand increase year based on a 2% price rise or increased sales volume. When such a year is identified, the credits remain available for six years instead of expiring, and certain restrictions on using the credits are temporarily lifted for two years following the determination.