102. Clean energy investment credit (a) Business credit (1) In general Subpart E of part IV of subchapter A of chapter 1 is amended by inserting after section 48C the following new section: 48D. Clean energy investment credit (a) Investment credit for qualified property (1) In general For purposes of section 46, the clean energy investment credit for any taxable year is an amount equal to the sum of— (A) the clean energy percentage of the qualified investment for such taxable year with respect to any qualified facility, plus (B) 30 percent of the qualified investment for such taxable year with respect to— (i) qualified carbon capture and sequestration equipment, and (ii) energy storage property. (2) Clean energy percentage (A) Maximum percentage Except as provided in subparagraphs (B) and (C), the clean energy percentage is 30 percent. (B) Reduction of percentage based on greenhouse gas emissions rate The clean energy percentage shall be reduced (but not below zero) by an amount which bears the same ratio to 30 percent as the anticipated greenhouse gas emissions rate for the qualified facility bears to 300 grams of CO 2 e per KWh. (C) Microgrids (i) In general In the case of a microgrid, the clean energy percentage shall be the amount, expressed as a percentage, equal to 30 percent of the relative avoided emissions rate for the microgrid. (ii) Relative avoided emissions rate For purposes of clause (i), the relative avoided emissions rate shall be the amount equal to the quotient of— (I) the amount equal to the non-baseload output emissions rate for the applicable grid region minus the greenhouse gas emissions rate for the microgrid, divided by (II) the non-baseload output emissions rate for the applicable grid region. (iii) Non-baseload output emissions rate (I) In general The term non-baseload output emissions rate means the amount of greenhouse gases emitted into the atmosphere by the applicable grid region for the production of electricity (expressed as grams of CO 2 e per KWh) above baseload. (II)