09/24/2023
You know what's better than just going solar? Going solar and lower taxes!🏠💰
Under the Inflation Reduction Act, eligible homeowners can now claim substantial tax credits when they install clean energy systems on their properties.
The Benefits of Solar Tax Credits:
💰 30% Federal Investment Tax Credit (ITC): The Inflation Reduction Act extends the federal ITC, allowing homeowners to claim a tax credit of up to 30% of the total cost of their clean energy system. That means if your clean energy installation costs $20,000, you could save a whopping $6,000 on federal taxes.
💰 State and Local Incentives: In many states, local governments offer their own incentives for going solar. These can include additional tax credits, rebates, or performance-based incentives, further reducing the upfront costs and accelerating your return on investment.
☀️Now is a great time to take advantage of the Inflation Reduction Act's tax credits and embark on your solar energy journey. Go Solar with Powur today.