A bill to amend the Internal Revenue Code of 1954 to extend the residential and business energy credits with respect to solar property until August 1, 1986, and for other purposes.

Amends the Internal Revenue Code to extend the termination date of the residential energy tax credit for solar property from December 31, 1985, to July 31, 1986. Sets forth definitions and special rules for solar property during such extension period.

Extends the energy investment tax credit for solar energy property from December 31, 1985, to July 31, 1986. Sets forth special rules for solar property eligible for such credit during such extension period.