utilized within the United States (within the meaning of section 638(1)) or a possession of the United States (within the meaning of section 638(2)). (4) Coordination with other credits No credit shall be allowed under section 45Q or section 45T for any taxable year with respect to any qualified carbon capture and sequestration equipment for which an election described in paragraph (2)(F)(ii) has been made. (d) Qualified investment with respect to energy storage property (1) In general For purposes of subsection (a)(1)(B)(ii), the qualified investment with respect to energy storage property for any taxable year is the basis of any energy storage property placed in service by the taxpayer during such taxable year. (2) Energy storage property The term energy storage property means property— (A) which receives, stores, and delivers electricity, or energy for conversion to electricity, provided that such electricity is— (i) sold by the taxpayer to an unrelated person, or (ii) in the case of a facility which is equipped with a metering device which is owned and operated by an unrelated person, sold or consumed by the taxpayer, (B) with respect to which depreciation is allowable, (C) which is constructed, reconstructed, erected, or acquired by the taxpayer, (D) the original use of which commences with the taxpayer, and (E) which is placed in service after December 31, 2020. (e) Greenhouse gas emissions rate (1) In general For purposes of this section, the term greenhouse gas emissions rate has the same meaning given such term under subsection (b) of section 45T. (2) Establishment of safe harbor for qualified property (A) In general The Secretary, in consultation with the Administrator of the Environmental Protection Agency, shall establish safe-harbor greenhouse gas emissions rates for types or categories of qualified property which are part of a qualified facility, which a taxpayer may elect to use for purposes of this section. (B) Rounding In establishing the safe-harbor greenhouse gas emissions rates for qualified