New Resources on Tax Credits in the Inflation Reduction Act

The Inflation Reduction Act enacted this year includes many new tax credits and other incentives for solar energy. Below are new resources from the Solar Energy Technologies Office (SETO) on how these incentives may impact members of your community. If you have other questions, please contact us or sign up for updates on SolSmart’s monthly newsletter!

(The material below is provided by the Solar Energy Technologies Office.)

Homeowner’s Guide to the Federal Tax Credit for Solar Photovoltaics

Learn how the IRA can help homeowners save on solar energy in the updated homeowner’s guide to the federal solar tax credit. The act provides a 30% tax credit on residential solar systems installed this year and through 2032. Ver en español.

Federal Solar Tax Credits for Businesses

Businesses can learn about the federal solar investment tax credit and production tax credit on SETO’s new resource webpage for businesses, which deciphers bonus credits and labor requirements in the IRA, includes information on project eligibility, and more.

Federal Solar Tax Credits for Manufacturers

U.S. solar manufacturers can get up-to-date information about the investment tax credit and manufacturing production tax credit on SETO’s new resource webpage for solar manufacturers, which includes info on component eligibility, phase-out timelines, and more.

Get Answers to the Future of Solar Deployment and Manufacturing

SETO recently hosted a webinar: “Reaching for the Solar Future: How the Inflation Reduction Act Impacts Solar Deployment and Expands Manufacturing,” about the impact of the IRA on the future of solar deployment and manufacturing. Participants had lots of questions, and SETO experts assembled answers, which can be found in the webinar’s Q&A section. Check these out or watch the recording to learn more!

More Questions about the IRA’s Tax Incentives? Tell Treasury

The public is encouraged to respond to the U.S. Department of the Treasury‘s public requests for comment on the implementation of the IRA‘s clean energy tax incentives.