as energy property Section 48(a)(5)(C)(ii) is amended by striking January 1, 2025 and inserting January 1, 2022 . (e) Wind facilities (1) In general Section 45(d)(1) is amended by striking January 1, 2025 and inserting January 1, 2022 . (2) Application of phaseout percentage (A) Renewable electricity production credit Section 45(b)(5) is amended by striking which is placed in service before January 1, 2022 . (B) Energy credit Section 48(a)(5)(E) is amended by striking placed in service before January 1, 2022, and . (3) Qualified offshore wind facilities under energy credit Section 48(a)(5)(F)(i) is amended by striking offshore wind facility, subparagraph (E) shall not apply. and inserting offshore wind facility— (I) subparagraph (C)(ii) shall be applied by substituting January 1, 2026 for January 1, 2022 , (II) subparagraph (E) shall not apply, and (III) for purposes of this paragraph, section 45(d)(1) shall be applied by substituting January 1, 2026 for January 1, 2022 . . (f) Wage and apprenticeship requirements Section 45(b) is amended by striking paragraphs (6), (7), and (8). (g) Domestic content, phaseout, and energy communities Section 45(b) is amended by striking paragraphs (9), (10), (11), and (12). (h) Credit reduced for grants, tax-Exempt bonds, subsidized energy financing, and other credits Section 45(b)(3) is amended to read as follows: (3) Credit reduced for grants, tax-exempt bonds, subsidized energy financing, and other credits The amount of the credit determined under subsection (a) with respect to any project for any taxable year (determined after the application of paragraphs (1) and (2)) shall be reduced by the amount which is the product of the amount so determined for such year and the lesser of ½ or a fraction— (A) the numerator of which is the sum, for the taxable year and all prior taxable years, of— (i) grants provided by the United States, a State, or a political subdivision of a State for use in connection with the project, (ii) proceeds of an issue of State or local government