It’s been two years since President Joe Biden signed the Inflation Reduction Act on Aug. 16, 2022.
After 24 months, how is it doing?
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The IRS websitehas more information on the residential clean energy credit.
Companies that currently sellUS-made solar panelsincludeSilfab Solar,Qcells,Mission SolarandFirst Solar.
Clickhere(PDF) for more information on the domestic content incentive.
The credit covers up to 30% of the cost ofheat pumpsorheat pump water heatersup to $2,000.
It covers windows, skylights or central air conditioners up to $600.
In 2023, more than 2 million Americans took advantage of this credit.
Nearly 700,000 tax filers apiece used it for insulation and windows.
The IRS websitehas more information on the energy-efficient home improvement credit.
Two states – New York and Wisconsin – have launched their rebate programs so far.
The Energy Departmenthas FAQson the Home Energy Rebate Programs.
Here’s alist of EVs that qualify for the credit.
The Department of Energy’sFueleconomy.govsite has the latest information on which make and model EVs qualify for the tax credit.
Environmentalists say the used clean vehicle credit will be a major driver in moving Americans off of gas-powered cars.
it’s possible for you to find more details about the Used Clean Vehicle Crediton the IRS website.
