To amend the Internal Revenue Code of 1986 to provide that qualified energy efficiency property is eligible for the energy credit.

Amends the Internal Revenue Code to allow an energy tax credit for qualified energy efficiency property. Defines "qualified energy efficiency property" as property which: (1) is residential rental property or nonresidential real property; (2) is a qualified building (i.e., a building that is not more than 250,000 square feet and that meets certain federal wage and construction requirements); and (3) achieves a specified energy savings.