A bill to amend the Internal Revenue Code of 1986 to provide for a 3-year recovery period for depreciation of qualified energy management devices.

Amends the Internal Revenue Code to assign a three-year recovery period for depreciation of qualified energy management devices placed in service before January 1, 2008. Defines "energy management device" as a meter or metering device to measure and record electricity usage data on a time-differentiated basis in at least four separate time segments per day.