equipment shall cease to be investment credit property in the taxable year in which the determination is made. (j) Final guidance Not later than January 1, 2018, the Secretary, in consultation with the Administrator of the Environmental Protection Agency, shall issue final guidance regarding implementation of this section, including calculation of greenhouse gas emission rates for qualified facilities and determination of clean energy investment credits under this section. . (2) Conforming amendments (A) Section 46 is amended by inserting a comma at the end of paragraph (4), by striking “and” at the end of paragraph (5), by striking the period at the end of paragraph (6) and inserting “, and”, and by adding at the end the following new paragraph: (7) the clean energy investment credit. . (B) Section 49(a)(1)(C) is amended by striking “and” at the end of clause (v), by striking the period at the end of clause (vi) and inserting a comma, and by adding at the end the following new clauses: (vii) the basis of any qualified property which is part of a qualified facility under section 48E, (viii) the basis of any qualified carbon capture and sequestration equipment under section 48E, and (ix) the basis of any energy storage property under section 48E. . (C) Section 50(a)(2)(E) is amended by inserting or 48E(e) after section 48(b) . (D) The table of sections for subpart E of part IV of subchapter A of chapter 1 is amended by inserting after the item relating to section 48D the following new item: 48E. Clean energy investment credit. . (3) Effective date The amendments made by this subsection shall apply to property placed in service after December 31, 2018, under rules similar to the rules of section 48(m) of the Internal Revenue Code of 1986 (as in effect on the day before the date of the enactment of the Revenue Reconciliation Act of 1990). (b) Individual credit (1) In general Section 25D is amended to read as follows: 25D. Clean residential energy credit (a) Allowance of credit (1) In general In the case of an