The bill aims to extend federal tax credits for clean electricity production and investment by linking their availability to specific market conditions. It introduces a "price or demand increase year," defined by either a national average electricity price increase of over 2% or an increase in total electricity sales. If such a year occurs, the clean electricity production credit's full benefit is effectively renewed for a six-year period, even if it was previously phasing out, ensuring continued support for clean energy development during periods of high electricity costs or growing demand. Furthermore, the legislation provides for the renewed application of the energy efficient home improvement credit and the residential clean energy credit for two years following a determined "price or demand increase year." This ensures that consumers can continue to benefit from incentives for adopting clean energy technologies in their homes. Finally, the bill eliminates existing provisions in the Internal Revenue Code that deny clean electricity production and investment credits for certain wind and solar energy leasing arrangements, broadening eligibility for these incentives.