November 14, 2024
The Federal Inflation Reduction Act (IRA) represents the
largest investment America has made in its climate and energy future, aiming to
accelerate clean energy adoption and reduce costs for renewable energy
customers and electric upgrade projects. A central benefit of the IRA is the
30% Federal Tax Credit for solar and battery installations, effectively
reducing installation costs by nearly a third.
However, this 30% tax credit may be at risk. The Trump administration has pledged to repeal key provisions of the IRA, potentially affecting solar incentives. With these changes, utilities and the fossil fuel industry could raise prices, making it harder to go solar. Take advantage of the 30% tax credit now to secure your energy future while it's still available!
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Here are rebate and tax credit tips if you want to save
money on your electrical bills, power your home through the next grid outage or
make your home more energy efficient:
Make sure to ask your SolarCraft consultant about the limitations based on your household income. Click here to find out what incentives you may be eligible for under the IRA.
The Climate Bill Solar Energy and Energy Storage Provisions Summary can be viewed here.
