; etc. TITLE I—Clean energy tax credits Sec. 101. Clean energy production credit. Sec. 102. Clean energy investment credit. Sec. 103. Extensions and modifications of various energy provisions. TITLE II—Clean fuel tax credits Sec. 201. Clean fuel production credit. Sec. 202. Temporary extension of existing fuel and transportation incentives. TITLE III—Energy Efficiency Incentives Sec. 301. Credit for new energy efficient residential buildings. Sec. 302. Heating and air conditioning replacement credit. Sec. 303. Energy efficiency credit for existing residential buildings. Sec. 304. Deduction for new energy efficient commercial buildings. Sec. 305. Energy efficiency deduction for existing commercial buildings. Sec. 306. Temporary extension of existing energy efficiency incentives. TITLE IV—Clean Electricity and Fuel Bonds Sec. 401. Clean energy bonds. I Clean energy tax credits 101. Clean energy production credit (a) In general Subpart D of part IV of subchapter A of chapter 1 is amended by adding at the end the following new section: 45S. Clean energy production credit (a) Amount of credit (1) In general For purposes of section 38, the clean energy production credit for any taxable year is an amount equal to the product of— (A) the applicable credit rate (as determined under paragraph (2)), multiplied by (B) the kilowatt hours of electricity— (i) produced by the taxpayer at a qualified facility, and (ii) (I) sold by the taxpayer to an unrelated person during the taxable year, or (II) in the case of a qualified facility which is equipped with a metering device which is owned and operated by an unrelated person, sold, consumed, or stored by the taxpayer during the taxable year. (2) Applicable credit rate (A) In general (i) Maximum credit rate Except as provided in clause (ii), the applicable credit rate is 1.5 cents. (ii) Reduction of credit based on greenhouse gas emission rate The applicable credit rate shall be reduced (but not below zero) by an amount which bears the same ratio to the amount in effect under