The Inflation Reduction Act of 2022 has increased the federal tax incentive to 30% for the next ten years!
With it, there will be a tax break for qualifying homeowners who add energy-efficient solutions to their homes, including solar and other renewable energy sources. For our customers that have installation dates from January 1, 2022, or later, this means that you will be eligible to receive even more incentives than initially planned!
This newly passed legislation will help energy costs while investing in energy security. This immense investment in clean energy is focused on creating a cleaner and more sustainable future. In addition, it will create and sustain millions more jobs for hardworking people in many fields, especially those in renewable energy.
In addition, there will be a tax break for qualifying parties who add energy-efficient solutions to their homes, including solar and other renewable energy sources. There is even a tax incentive for qualifying homeowners with solar battery backup systems!
“The solar industry has set a goal to account for 30% of all U.S. electricity generation by 2030, and this legislation will be a catalyst for reaching that target,” says Abigail Ross Hopper, President and CEO of the Solar Energy Industries Association (SEIA).
Need another reason to make the switch to solar? Read more on the full benefits of solar!