Touted as “the single biggest climate investment in US history,” President Biden signed the historic $739 billion Inflation Reduction Act (IRA) on August 16, signaling an unprecedented level of federal support toward our transition to a clean energy economy.
One of the more celebrated provisions in the IRA is the 10-year extension of the Investment Tax Credit (ITC) which applies to individuals like you and me. Instrumental in launching the solar industry in 2006, the ITC’s 10-year extension at 30% of the cost of the installed equipment will step down to 26% in 2033 and 22% in 2034.
As more Texans consider going solar, the opportunity for scams increases.
Our friends at Austin Energy have details on their website to avoid being scammed. Check it out!!