Inflation Reduction Act 2024 Solar

Inflation Reduction Act 2024 Solar. The inflation reduction act modifies and extends the clean energy investment tax credit to provide up to a 30% credit for qualifying investments in wind, solar, energy. American families have claimed more than $6 billion in credits for residential clean energy investments on 2023 tax returns filed and processed through may 23, 2024.

Per the inflation reduction act of 2022, the credit will remain accessible and increase from 22% to. The inflation reduction act (ira) supports combining solar with energy storage through various incentives.