PUBLIC LAW 95-618—NOV. 9, 1978
92 STAT. 3197
" (B) EXCLUSION FOR PUBLIC UTILITY PROPERTY.—The terms
'alternative energy property', 'solar or wind energy property', and 'recycling equipment' do not include property which is public utility property (within the meaning of section 46(f)(5)). 26 USC 46. "(C)
ALTERNATE SUBSTANCE.—The term
'alternate
sub-
stance' means any substance other than— " (i) oil and natural gas, and " ( i i) any product of oil and n a t u r a l gas. " (D) SPECIAL RULE FOR CERTAIN POLLUTION CONTROL EQUIP-
MENT.—The term 'pollution control equipment' does not include any equipment which— " (i) is installed on or in connection with property which, as of October 1, 1978, was using coal (including lignite), and " ( i i) was required to be installed by Federal, State, o r local regulations in effect on such date. " (4) SOLAR OR WIND ENERGY PROPERTY.—The term 'solar o r
'
wind energy property' means any equipment which uses solar or wind energy— " (A) to generate electricity, or " (B) to heat or cool (or provide hot water for use in) a structure. "(5)
SPECIALLY DEFINED ENERGY PROPERTY.—The
term
'specially defined energy property' means— " (A) a recuperator, " (B) a heat wheel, " (C) a regenerator, " (D) a heat exchanger, " (E) a waste heat boiler, " (F) a heat pipe, " (G) an automatic energy control system, ^CH) a turbulator, " (I) a preheater, " (J) a combustible gas recovery system, " (K) a n economizer, or " (L) any other property of a kind specified by the Secretary by regulations, the principal purpose of which is reducing the amount of energy consumed i n any existing industrial or commercial process and which is installed in connection with an existing industrial or commercial facility. "(6)
.*,
R E C Y C L I N G EQUIPMENT.—
" (A) IN GENERAL.—The term 'recycling equipment' means any equipment which is used exclusively— " (i) to sort and prepare solid waste for recycling, or " (ii) in the recycling of solid waste. "(B)
CERTAIN EQUIPMENT NOT INCLUDED.—The term
'recycling equipment' does not include— " (i) any equipment used in a process after the first marketable product is produced, or " ( i i) in the case of recycling iron or steel, any equipment used to reduce the waste to a molten state and in any process thereafter. "(C)
10 PERCENT VIRGIN MATERIAL ALLOWED.—Any
equipment used in the recycling of material
which
r,
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