Understanding the 2023 Federal Tax Rebates for Solar
With the passing of the Inflation Reduction Act, Congress extended the Federal Solar Investment Tax Credit until the end of 2034. Under the old legislation, the tax credit was going to fall to 22% in 2023, but now that amount has been increased to 30% under the new law. In fact, under the new law, solar customers who have their residential solar panels installed and placed online by the end of 2032 will be eligible for the 30% tax credit.
Residential customers who wait until 2033 will see their tax credit drop to 26%, followed by another drop 22% in 2034, after which the credit is set to expire.
In this post, you’ll learn everything you need to know about the Federal Tax Rebates for Solar Power for 2023. more “Residential Homeowner’s Guide to Federal Tax Rebates for Solar Power in 2023”