This bill, known as the "PANELS Act," aims to modify the Internal Revenue Code of 1986 by restricting certain federal tax incentives. Its primary purpose is to deny energy tax credits for solar energy generation projects. Specifically, it targets the existing energy credit under Section 48 and the clean electricity production credit under Section 45Y. The denial of these credits applies if the solar energy property or facility is located on prime farmland or unique farmland . These terms are explicitly defined by referencing the Secretary of Agriculture's definitions found in part 657 of title 7, Code of Federal Regulations. The amendments will take effect for property placed in service after the bill's enactment date, thereby discouraging solar development on designated agricultural lands.