How Inflation Reduction Act Helps Regular TaxpayersWith the Energy Efficient Home Improvement Credit you can get a credit equal to a percent of the cost of the equipment you install in your house. Starting 2023 taxpayers can get 30% of the amount instead of 22% spent on these improvements throughout the year.
Imagine: you get solar panels for your house for $25 000 total. Before the IRA you would receive 22% back in tax credit, which equals $5500. That's not bad. But with the new incentive this sum goes up to $7500. And that takes things to a whole different level!
As the renewable energy advocates ourselves, we are more than happy to help you get solar panels with an increased tax credit. Give us a call at (408) 901-8363 or write an email at email@example.com and we will draft a solar quote for you. Just look at how neat these panels are!