1. Short title This Act may be cited as the Renewable Electricity Tax Credit Equalization Act . 2. Qualified investment credit facilities (a) In general Clause (ii) of section 48(a)(5)(C) of the Internal Revenue Code of 1986 is amended to read as follows: (ii) which is placed in service after 2008 and the construction of which begins before— (I) January 1, 2020, in the case of any facility which is described in paragraph (1) of section 45(d)), and (II) January 1, 2022, in the case of any facility which is described in paragraph (2), (3), (4), (6), (7), (9) or (11) of section 45(d), and . (b) Phaseout (1) In general Subparagraph (A) of section 48(a)(6) of such Code is amended by inserting or in the case of any facility which is described in paragraph (2), (3), (4), (6), (7), (9) or (11) of section 45(d) which makes the irrevocable election described in paragraph (5)(C)(iii)(II), after January 1, 2022, . (2) Placed in service deadline Subparagraph (B) of section 48(a)(6) of such Code is amended— (A) by inserting or in the case of any facility which is described in paragraphs (2), (3), (4), (6), (7), (9) or (11) of section 45(d) which makes the irrevocable election described in paragraph (5)(C)(iii)(II), after January 1, 2022, , and (B) by striking determined under paragraph (2) . (3) Clerical amendment The heading for section 48(a)(6) of such Code is amended by inserting and certain other facilities described in section 45(d) after Phaseout for Solar Energy Property . (c) Effective date The amendments made by this section shall take effect on the date of the enactment of this Act. 3. Extension and phaseout of production credits for certain other facilities (a) In general (1) Extension Paragraphs (2), (3), (4), (6), (7), (9), and (11) of section 45(d) of the Internal Revenue Code of 1986 are each amended by striking January 1, 2017 and inserting January 1, 2022 . (2) Phaseout Subsection (b) of section 45 of such Code is amended by adding at the end the following new paragraph: (6) Phaseout of credit for certain